It only works if more and more people are brought into the system…wait, more money chasing different goods…
Wait! Inflation and ‘inflation’…with the one proving the other…genius.
We break things into smaller and smaller units…the drive-in got chopped into tv screens, everybody got one…lawyers found out they could make more money by charging separate fees with a higher aggregate total than the complete service once commanded in the market…cellphones, everybody’s got one and it’s a hundred bucks a month instead of five…something going on here…
While I’m against charging for AIR, I do wonder how much it “costs” to actually use the machine that pumps the air. Does the station get charged by the minute or hour?
remember the hose placed perpendicular to the pumps that would signal a ‘ding ding’ to the service station personnel that a customer has just pulled up? and yes, they did wipe your windshield and check your oil if you wanted. you just sat there in your car waiting until your gas was pumped and handed ovr the money while still sitting in your car…. and if you paid by credit card, they would go back in to slide the thingie across it and then bring it back to you to sign……….yes, boys and girls it WAS different forty years ago!
@Russell5419 You can’t be that old…. I remember 25 cent gas and guys that put the gas in and washed your windows. If you asked they even checked under the hood! am I right?
While the post-WWII economic boom is said to end in 1968-69, the economy weakened with the recessions of ‘58 and ’60. It’s like now, while the crisis we’re living began in ‘08, we can’t forget that the Asian crisis in ’98 and the burst of the “.com bubble” in 2000 contributed to this state.
Inflation at its simplest: An employee gets a raise. It now costs the employer more to produce his goods so he must increase his price. A manufacturer buys the goods (at the increased price) to manufacture a product which he now sells at an increased price. When the original employee goes to buy that product he needs more more money, so he wants a raise. etc., etc.
In avoiding the dreaded deflationary spirial of death, you need a few percent inflation every year. For instance, after 50 years of 3% inflation, the money is worth 21.81% of original.
pbarnrob over 12 years ago
Which us kids were breathing, and now that’s our excuse, duh!
piloti over 12 years ago
Please, don’t confuse him with facts.
tigre1 over 12 years ago
It only works if more and more people are brought into the system…wait, more money chasing different goods…
Wait! Inflation and ‘inflation’…with the one proving the other…genius.
We break things into smaller and smaller units…the drive-in got chopped into tv screens, everybody got one…lawyers found out they could make more money by charging separate fees with a higher aggregate total than the complete service once commanded in the market…cellphones, everybody’s got one and it’s a hundred bucks a month instead of five…something going on here…
GROG Premium Member over 12 years ago
Fortunately the hot air you don’t want to hear is still free.
tripwire45 over 12 years ago
Yeah, of all the things to charge for.
gjsjr41 over 12 years ago
That ‘s the first time I’ve seen Skylar without a hat.
Barbaratoo over 12 years ago
While I’m against charging for AIR, I do wonder how much it “costs” to actually use the machine that pumps the air. Does the station get charged by the minute or hour?
LingeeWhiz over 12 years ago
All he had to do was stay home and show Skylar his fat belly and he’d have a better illustration of inflation. Wouldna’ had to waste any gas either.
WaitingMan over 12 years ago
The convenience store/service station I work at has a free air pump. You don’t want to know what they charge for bottled water.
jonesb over 12 years ago
But it went up like a hockey stick as soon as we went off the gold standard.
Nighthawks Premium Member over 12 years ago
remember the hose placed perpendicular to the pumps that would signal a ‘ding ding’ to the service station personnel that a customer has just pulled up? and yes, they did wipe your windshield and check your oil if you wanted. you just sat there in your car waiting until your gas was pumped and handed ovr the money while still sitting in your car…. and if you paid by credit card, they would go back in to slide the thingie across it and then bring it back to you to sign……….yes, boys and girls it WAS different forty years ago!
J Short over 12 years ago
Just about 15 seconds before the time runs out you find the hose doesn’t reach the fourth tire.
IloveBlondie over 12 years ago
@Russell5419 You can’t be that old…. I remember 25 cent gas and guys that put the gas in and washed your windows. If you asked they even checked under the hood! am I right?
R. Araya over 12 years ago
While the post-WWII economic boom is said to end in 1968-69, the economy weakened with the recessions of ‘58 and ’60. It’s like now, while the crisis we’re living began in ‘08, we can’t forget that the Asian crisis in ’98 and the burst of the “.com bubble” in 2000 contributed to this state.
Dr Lou Premium Member over 12 years ago
That’s not exactly an example of inflation…
Dtroutma over 12 years ago
Airlines charging you extra for the air on the plane is next. Prepare to hold your breath a very long time.
Tin Can Twidget over 12 years ago
Inflation at its simplest: An employee gets a raise. It now costs the employer more to produce his goods so he must increase his price. A manufacturer buys the goods (at the increased price) to manufacture a product which he now sells at an increased price. When the original employee goes to buy that product he needs more more money, so he wants a raise. etc., etc.
Dry and Dusty Premium Member over 12 years ago
Oh Gawd I knew this one would draw some comments! LOL! If you want a change folks, make it happen! The “Guvinmnet” ain’t God you know!
Aslan Balaur over 12 years ago
People our age now don’t want a tiger in our tanks, but long for the days when we could be tigers in bed, long gone.
DavidGBA over 12 years ago
In avoiding the dreaded deflationary spirial of death, you need a few percent inflation every year. For instance, after 50 years of 3% inflation, the money is worth 21.81% of original.
DavidGBA over 12 years ago
Sorry 22.81% (=power(100.0/103.0,50) not power(0.97,50)!