patrick.net

indigenous says

Just wanted to remind everyone of the Wogsters response:

PS, Patrick you might want to consider a cricket button in order to make things more efficient?

He's got you cornered, just wait! ;)

This is timely. Here's a great article about how QE helped increase income inequality.

http://dealbook.nytimes.com/2014/10/22/how-quantitative-easing-contributed-to-the-nations-inequality-problem/

myob says

This is timely. Here's a great article about how QE helped increase income inequality.

http://dealbook.nytimes.com/2014/10/22/how-quantitative-easing-contributed-to-the-nations-inequality-problem/

It's a horrible article that has been critiqued in another thread.

indigenous says

If your coat is worn out, are you inclined to wait another year if there are discounts now, but you expect even bigger discounts a year from now?

Will people delay medical procedures in expectation of falling prices?

If deflation theory is accurate, why are there huge lines at stores when prices drop the most?

Bonus Question

If falling prices stop people from buying things, how are any computers, flat screen TVs, monitors, etc., ever sold, in light of the fact that quality improves and prices decline every year?

BONUS^3:

If we increase the minimum wage to $20 will this encourage or discourage people from obtaining higher education in the Medical/Science Professions?

If we increase the minimum wage to $15-20 how many convenience food chains will stay open?