Reply #7: I hear you Hamden [View All]

"I have been worried sick over the falling dollar and its effect on my retirement savings"

The ravages of inflation are not shared equally. Some profit, and some lose. I remember "trickle down" and "voodoo" economics. I think this latest round of "benefit the rich while beggaring the poor" economics has shown that we'll be waiting a long time for the benefits to trickle down, while the people who benefit the least from these so-called good times will be the ones who pay the biggest price.

We've already had raging asset inflation, but stagnant wages. So, maybe it'll be stagflation again. But I don't think it would take much at this point to send most of the middle class into depression.

Of course, I'm not a professional practitioner of the Dismal Science, but I nevertheless believe that the layman has as much right to an opinion as the expert. After all, the experts are frequently wrong.