The Plus Side of Hyper Inflation
...at least when inflation (and possibly hyper-inflation) comes after our “stimulus” kicks in, it’ll be simple to pay off my debt. Granted, that wheelbarrow full of money that I just used to pay off my house will only buy a loaf of bread. That will be 100% awesome!!!
Does anybody really think that spending 875 billion (when the bulk of it doesn’t even hit until 2010) is really stimulative? If we wanted it to be stimulative, how about just giving everybody a $5000 home improvement credit. That would re-stimulate the construction industry. Or how about repealing the capital gains tax for a year and phase it back in. That would stimulate investment in new business which would give people jobs.
Instead we’re stuck with a bunch of the stimulus money coming too late and going to pet projects. And when it hits, the money that the fed has been printing will go out into the economy devaluing the dollar. Otherwise known as inflation.
Speaking of bad news, what do we do in California? Kill car sales with a doubling of the vehicle license fee (forcing …
An Evening with the Neal Girls
Kelley, Melissa and Jennifer were in the Bay Area this weekend. Their parents, Tim and Jean, were sometimes surrogate parents for me when I lived in Germany. Even though I have lost contact with them all over the years, I still think of them with incredible fondness. Amy, the boys and I drove down on Saturday afternoon for a really nice evening in Palo Alto. They were all willing to meet us somewhere between Roseville and San Francisco, but unfortunately Fairfield and Cordelia just aren’t too exciting as destinations. We figured that Palo Alto would be the perfect place to meet them as there are plenty of neat restaurants and University Ave. is a beautiful place to walk. It was really great seeing all of them again and I hope that I do a better job of maintaining contact with them in the future. Yes, ladies, you were indeed worth the trip!
