Which state will default first?

[opebo]

I don't need two to survive. I work two to gain money.

Rich parents pay the bills, eh?

I have already saved money. The money loses it's value with inflation. Our currency is already far too inflated.

Compared to what?  1878?  Your reference here is meaningless.

[Sbane]

I already have two jobs...

It is not a recommendation of your economic system that it requires two or more jobs for a worker to survive.

Our currency is worth little more than squat.

Being concerned about the numeric value placed on 'money' is just plain silly.  "Why I remember when I could get a hamburg for a nickel, and a b**w j*b for a bottle of yoo-hoo."

I have already saved money. The money loses it's value with inflation. Our currency is already far too inflated.

What is your preferred inflation rate? A fan of deflation perhaps?

[phk]

I already have two jobs...

It is not a recommendation of your economic system that it requires two or more jobs for a worker to survive.

Our currency is worth little more than squat.

Being concerned about the numeric value placed on 'money' is just plain silly.  "Why I remember when I could get a hamburg for a nickel, and a b**w j*b for a bottle of yoo-hoo."

I don't need two to survive. I work two to gain money.

I have already saved money. The money loses it's value with inflation. Our currency is already far too inflated.

Just put your cash in TIPS and you'll be fine.

[Zarn]

I don't need two to survive. I work two to gain money.

Rich parents pay the bills, eh?

I have already saved money. The money loses it's value with inflation. Our currency is already far too inflated.

Compared to what?  1878?  Your reference here is meaningless.

I pay my bills (I'm 26), and our currency is still losing value.

[Brittain33]

I pay my bills (I'm 26), and our currency is still losing value.

You're young, game the system by taking out a mortgage now and paying down your debt in inflated dollars when you're older. Inflation is a transfer from old wealth-holders to young income-earners. Enjoy it, don't rue it.

[Torie]

I pay my bills (I'm 26), and our currency is still losing value.

You're young, game the system by taking out a mortgage now and paying down your debt in inflated dollars when you're older. Inflation is a transfer from old wealth-holders to young income-earners. Enjoy it, don't rue it.

Yes, the idea of a fixed rate 30 year 4.5% mortgage that is issued only because the Feds will essentially buy it, is almost an orgasmic concept isn't it. Yet another government program that needs to bite the dust. I  have got two of them myself on my desert homes.   Yes, yes, it is yet another of those non means tested subsidies that is lurking out there.

[opebo]

I pay my bills (I'm 26), and our currency is still losing value.

You're young, game the system by taking out a mortgage now and paying down your debt in inflated dollars when you're older. Inflation is a transfer from old wealth-holders to young income-earners. Enjoy it, don't rue it.

Yes, the idea of a fixed rate 30 year 4.5% mortgage that is issued only because the Feds will essentially buy it, is almost an orgasmic concept isn't it. Yet another government program that needs to bite the dust.

Actually no, it needs to be expanded.  What has failed is not redistribution or Keynesian demand-boosting, but rather unregulated neo-liberal market capitalism.  The housing market and every other market should be run by the State (indirectly of course), with an eye to sustaining maximum growth with stability and as much equity as is compatible with same.

(and actually it is largely a myth that inflation transfers wealth very much - when there is inflation assets go up in value commensurately.  The reason inflation appears to have an egalitarian effect is the full-employment/high wage aspect of Keynesianism).