Thursday, May 8, 2008

Right-Wing Rant: Inflation

I'm Joeverkill, and this is a Right-Wing Rant.

Inflation. It's on a lot of minds these days.

The topic reminds me of a conversation I had recently with a friend of mine who works at a securities lending firm. Have you ever noticed how difficult it is to get people with jobs like that to give an accurate description of what they do? It's because these people make nothing. They contribute nothing to society. No goods, no meaningful services. A teacher helps others to learn, a bricklayer helps build buildings, a comedian entertains. Investment bankers (and securities lenders, etc.) make money. That's it. What is money? It's meant to be an abstract representation of worth for goods or services. But when you have a whole cadre of assholes making money (and quite a bit of it) without adding anything concrete, you have an imbalance.

Our society is built around debt. Debt creates the constant drive to get more, to do more. Is it a coincidence that during economically prosperous times, the workweek is generally shorter than during recessions? I know there are cohort factors, but I think it's worthwhile to consider the possibility that our ambition is eating us alive. Think of it in terms of supply and demand: workers are flooding the market with hours, so the real value of these hours necessarily must decrease.

I for one am tired of people living above their means. And how can we expect the lower-class guy on the streets not to put those new Jordans on his credit card when the U.S. government is rampantly spending money it doesn't have? It's a top-down problem, and we're digging ourselves ever deeper.

Think of it also in terms of fairness. Is it fair that newer dollars are worth less? Remember that dollar you made in 2000? It's now worth 83 cents.

We need to do something to curtail this insanity. It's time to revamp our currency and tie the dollar back to a hard commodity. I'm Joeverkill, and this is a Right-Wing Rant.

1 responses:

minotauromachy said...

like the phrase 'cohort factor'. My buddy read that post and said, it wasn't that right wing of a rant, you are losing your touch old boy! In fact the idea of working too hard, putting too many hours could be construed as a socialist one. But it is a very astute observation, I think.

I am personally suffering from an excess of workers and a shortage of work. I ve been job hunting for over two months and have had no luck. And I think you would find it interesting that the type of work I am looking for is very much the of the tangible kind - straight blue collar produiction or distribution style stuff. Its getting hard for working class people who are looking for work right now.

Overall,I agree with you. Salesmen and their huckster ilk have taken over from the real workers.