News that makes you say WTF! (19 Viewers)
- Thread starter Ford Prefect
- Start date
I lived in Cleveland for 4 years. Here is what I see when I read this: single mom, 3 kids probably left alone or unparented frequently.
More details:
http://abcnews.go.com/US/wireStory/year-boy-shoots-kills-year-boy-ohio-home-30267617
Here they claim the mom lives with at least 3 kids...lol they don't even know how many exactly. Where is the dad? Why was the gun not secure out of reach and just laying around? They live on the east side and looking at the neighbor hood it certainly isn't a good one. Not a gun problem, it was a white-trash parenting problem.
More details:
http://abcnews.go.com/US/wireStory/year-boy-shoots-kills-year-boy-ohio-home-30267617
Here they claim the mom lives with at least 3 kids...lol they don't even know how many exactly. Where is the dad? Why was the gun not secure out of reach and just laying around? They live on the east side and looking at the neighbor hood it certainly isn't a good one. Not a gun problem, it was a white-trash parenting problem.
Not really that much. The main difficulty is actually determining the annual rate of inflation, putting together an adequate basket and keeping it up to date every year.
Then all public affairs (minimum wage, tax brackets, pensions, wages of public servants) could be automatically tied to the RoI, still allowing for legislatory interventions in cases of mismatches, grave economic crisis, etc. With wages in the private sector it's naturally more difficult, though easily manageable with strong trade unions and collective bargaining. The only problem is that most of the western countries did a pretty good job at destroying these over the past few decades.
Then all public affairs (minimum wage, tax brackets, pensions, wages of public servants) could be automatically tied to the RoI, still allowing for legislatory interventions in cases of mismatches, grave economic crisis, etc. With wages in the private sector it's naturally more difficult, though easily manageable with strong trade unions and collective bargaining. The only problem is that most of the western countries did a pretty good job at destroying these over the past few decades.
Inflation IMO is almost a natural process. Especially because of costs and wages in the private sector. Even with trade unions and collective bargaining it seems impossible to prevent rising prices and eventual inflation. I'll admit that I don't know much about all this and that I refer to built-in inflation, but I just don't see how one could prevent it.
No no, this is not about preventing inflation it's just to make sure wages actually rise with prices, so that purchasing power is not affected 
I understood your last post wrong probably then.
And you can prevent inflation, and even have deflation over extended periods of time (e.g. Japan, especially in the early 200es), but the effects are usually quite desastrous and central banks strive to avoid them at virtually every cost - the extremely low interest rates and quantitive easing policies of the ECB right now are an example of this. Basically, if you know that your money will be worth more in a year from now than it is now, you're not very likely to spend it, and companies or banks are not very likely to give loans or invest, which of course is pretty bad for the economy.
- - - Updated - - -
In general though you're right in that inflation can be described as natural, the norm, in our current economic system.
I understood your last post wrong probably then.And you can prevent inflation, and even have deflation over extended periods of time (e.g. Japan, especially in the early 200es), but the effects are usually quite desastrous and central banks strive to avoid them at virtually every cost - the extremely low interest rates and quantitive easing policies of the ECB right now are an example of this. Basically, if you know that your money will be worth more in a year from now than it is now, you're not very likely to spend it, and companies or banks are not very likely to give loans or invest, which of course is pretty bad for the economy.
- - - Updated - - -
In general though you're right in that inflation can be described as natural, the norm, in our current economic system.
No no, this is not about preventing inflation it's just to make sure wages actually rise with prices, so that purchasing power is not affected I understood your last post wrong probably then.
I understood your last post wrong probably then.
Yeah, there are at least some mechanisms in place in most countries, but these usually don't cover every area (Austria for example has a rather well-functioning collective bargaining system for all wages & pensions, but tax brackets are absolute - meaning that as wages & prices rise, the amount of income tax paid rises disproportionally, effectively leading to a lower real income). And of course there's the example that started this whole discussion, the minimum wages in the US which haven't been adjusted for 6 years now, which makes for some real significant changes; the same wage now adjusted for inflation is 10% less than it was in 2009 (http://www.infoplease.com/ipa/A0774473.html).
For the second part: Agreed, but tell that to Merkel & co.
For the second part: Agreed, but tell that to Merkel & co.
I'm not saying no one is at fault. Clearly people were irresponsible. But if there hadn't been a gun, the kid would have been alive. I am getting quite sick and tired of a big portion of the American people blatantly disregarding obvious truths.
Isn't it bad enough that you have a two party system in which the next president is always going to be a Democrat, simply because she's the one running for a party that doesn't require you to be insane?
- - - Updated - - -
Bet he was shot in the back too. Trying to flee the scene with his stolen pacifier.
Isn't it bad enough that you have a two party system in which the next president is always going to be a Democrat, simply because she's the one running for a party that doesn't require you to be insane?
- - - Updated - - -
Bet he was shot in the back too. Trying to flee the scene with his stolen pacifier.