Rising from the Ashes... Our next Thought-Provoking Question

[joshyboy72]

It'll be such a slow transition that it won't be that big of a deal. Who cares if you are paying 4 times as much for a slice of pizza? People will be making 4 times as much money. Trying to revert back to 1975 prices is just stupid and will never work...look bro it's either evolution or revolution. The world is changing. The steam has to get out of the pressure cooker one way or another and by trying to keep it in or reverting back to old ways you are just wasting your time.

[mutantseabass]

So if im understanding your theory, i would have to work at my current job for $2.00 an hour? If that is the case even though merchandise would be 4xs less the price as they currently are i could not put up with my boss knowing im only making $2.00 an hour. To me it would just be a psychological problem.

[Vikes Rule 88]

I think people would rather make 4 times more, makes them sound richer even though they spend 4 times more. I think that it would be really hard for the government to just tell every business what they need to put their prices at.

and what about the things that arent porportional, not everything is and was.

[portisfan24]

You wouldnt need to manually adjust prices if wages come down. The prices would come down themselves. You know, supply and demand and all that.

[awwchrist]

I guess if you're into the whole stirring the mud of the world economy with the American dollar.

I'm sure the yen wouldn't appreciate it.

[Canadian Seahawk]

so are you trying to tell me that when I become a grandfather I can't hide a dollar bill behind my back in my hand and as the youngin' to pick a hand, are you trying to tell me by the time I get that old I will have to use a $20, is THAT WHAT YOUR TELLING ME. dang I better get another job

[Nilmerf]

I'm an economics student.

Basically, as the GDP grows over time.. inflation on the dollar and wages/prices rises to meet that. Small steady inflation is a good thing rather than bad.. higher dollar volume is a reflection of a wealthier society. Inflation also allows people to invest their money in trust funds/stocks/bonds and make profits.

However, hyper-inflation (i.e. Germany/Argentina) is definitely a bad thing.

[J2thez929]

I would think if that happened, then anyone who currently has a savings or cash stashed away would become millionaires over nite.

So if for some craaaaazy reason this would happen(not that it will but for debatable purposes) everyone would take their cash out of the bank, stock, trusts, etc and keep hidden somewhere. Middle class would then become millionaires overnite.

another reason against that is that their would be a dramatic overstock of currency in the US. Where is the supposed to go?

[MadScott]

so are you trying to tell me that when I become a grandfather I can't hide a dollar bill behind my back in my hand and as the youngin' to pick a hand, are you trying to tell me by the time I get that old I will have to use a $20, is THAT WHAT YOUR TELLING ME. dang I better get another job

Amen. Besides if we revert back, how will be able to have the "when I was a kid, a picture show cost a nickel" talk with our grandkids?

[Canadian Seahawk]

so are you trying to tell me that when I become a grandfather I can't hide a dollar bill behind my back in my hand and as the youngin' to pick a hand, are you trying to tell me by the time I get that old I will have to use a $20, is THAT WHAT YOUR TELLING ME. dang I better get another job

Amen. Besides if we revert back, how will be able to have the "when I was a kid, a picture show cost a nickel" talk with our grandkids?

amen brodda!!!