alogmail (December 31, 1969 at 11:59 pm)

"...with no checks and balances."Monetarily,The Fed creates money out of thin air by monetizing debt. This causes many problems, which the Fed solves by creating more money out of thin air by monetizing debt. The USD since Fed inception is now inflated to 3% of it's starting value.Fiscally,The people and businesses on this treadmill of inflation are taxed on returns that only KEEP UP with inflation, let alone the taxes beyond that.The greatest racket in history?

mathproof (December 31, 1969 at 11:59 pm)

I had to define the CPI for you, because the concept wasn't correctly formed in your head.As for you chain of reasoning, you are wrong. I provided you with two undergraduate theories for inflation. Why? Inflation is a phenomenon that happens before Fed intervention. Remember, the Fed counteracts rather than acts. Hence, what I told you was germane to the discussion.

jebiga21 (December 31, 1969 at 11:59 pm)

your reply is irrelevant to what i said. Im telling you how the fed causes inflation, your defining cpi for me. thanks for the definition tho.

garyowen4ever (December 31, 1969 at 11:59 pm)

BOYS AND GIRLS, the FAT NEW YORK RATS at CNBC have launnched a fully blown PR campaign with their "CLOWNS'" telling us how great they are....which might impress someone under 30 yrs old...but their fed sucking bailout loving propaganda for YOU CHUMPS TO BELIEVE IN THE MARKETS again continues on stronger than ever. their anchor goofballs are apoplectic over their personal stock portfolio losses and they want recoupement instantly with some miracle.CNBC; "PATHETIC'" PARASITES FOR ALL TIME.

KennyEazle (December 31, 1969 at 11:59 pm)

If he's still alive

njn1974 (December 31, 1969 at 11:59 pm)

Ron Paul 2012!

soundgarden21 (December 31, 1969 at 11:59 pm)

It really moves me that he holds our generation, the young generation in such high regard. He really has faith in us to start getting this country back on track. I hope its not just wishful thinking. But knowing that makes me want to be a better person.

glassvision (December 31, 1969 at 11:59 pm)

2012 NO WAY. Now!

mathproof (December 31, 1969 at 11:59 pm)

The CPI is the weighted average of the products in the representative basket multiplied by the individual price. By holding ouput constant, fluctuations in the index are the result of price changes. Demand pull or Cost push are two reasons for price inflation. The former is a measure of demand by definition. The latter is likely manifested via input demand pressures. Hence, in both cases demand is the culprit if source of inflation is the demand side.

jebiga21 (December 31, 1969 at 11:59 pm)

yes inflation is measured by the CPI. however the CPI is measured not by demand, but by the money supply the FED decides on that day. (ie. the more money in circulation, the greater the demand for goods, the greater price, the greater the cpi.)If you didnt have a FED you wouldnt have drastic changes in money supply, therefore no changes in CPI and no inflation.