russ_watters said:
No. Inflation has no bearing whatsoever on this issue. I think you are attributing more effects to inflation than it really has.
I would like to keep this on topic but the proof of inflation(money supply vs. purchasing power) is clearly laid out in the graphs in my last post on the 'Is Modern Banking Fraudulent?' thread. This does have an effect on all spending including entitlement spending
The sooner people realize the obvious mathematically impossiblity of a sustained economy through fractional reserve banking the better. If you would like to argue that we can in
that thread. I felt it was necessary to make that point in my post on
this thread seeing as I it was important to clarify different points in my argument.
While it is popular these days to equate the two, they aren't really equal. In fact, I'd say equating the two contributes to the problem of reliance on government aid: when you base the definition of "poverty" on income inequality instead of standard of living, you create a situation where people receive handouts they don't need which decreases the incentive to work.
Again same answer.
Except for the part in bold which I couldn't agree with more. How is someone receiving
the same amount of money through a
handout going to have any incentive at all to
work for the
same money? There is no incentive.