mr1983 Forum Posts (1,076)

RE: Rip of republic

Well no actually food and beverage prices in the supermarket have been very similar to the inflation rates for years. In the past ten years, the rate of inflation of food and beverages has been lower then that of headline inflation. I listed the supermarket inflation for you and compared it with general inflation but you said that was not the question. That it was core consumer products. Which will include a lot of stuff outside of the supermarket. Here are the figure again.

Food&Bev Inflation
1994 +3.3% +2.4%
1995 +2.8%. +2.5%
1996 +1.7%. +1.6%
1997 +1.5%. +1.5%
1998 +4.1%. +2.4%
1999 +3.1%. +1.6%
2000 +3.1%. +5.6%
2001 +6.5% +4.9%
2002 +3.5% +4.6%
2003 +1.4% +3.5%
2004 -0.3% +2.2%
2005 -0.7% +2.5%
2006 +1.4% +4.0%
2007 +2.8% +4.9%
2008 +6.5% +4.1%
2009 -3.5% -4.5%
2010 -4.5% -1.0%
2011 +1.1% +2.6%
2012 +0.5% +1.7%

So make up your mind bout what you want to talk about. Every time I answer something, you revert back to something else and say you never asked something in the first place.
When I explained to you how headline inflation is calculated by all the basket of goods in the CPI, you said it wasn't. Do you still believe that?
And I told you that the sub-indices are computed by eliminating certain goods from the main CPI which gives economists and government a more detailed explanation of the sectors in which inflation is a problem. But you again decided I was wrong here. Do you still disagree with this??
What do you think of the Food and Beverage figures and the comparison to the headline inflation figures. Remember now. Lets not play with words. You are going on about necessities in the weekly shop!! These are what the food and beverage sub-index is computed from. Or do you want to leave supermarkets alone now and go back and start mixing and matching again.
I feel i am just repeating myself over and over! At this stage you would imagine it would go into your head.

P.S Go read up about inflation and stop making a fool of yourself when you are writing about it. It looks pretty pathetic.

RE: Rip of republic

So can social responsibility not exist in a capitalist system? If you had any notion of what the free-market system was envisioned to be, you would realise that social responsibility was one of the key ingredients. But I suppose when you don't understand a secondary concept like inflation, you will never understand the teachings of Adam Smith and the architects of the free market system.

RE: Rip of republic

Your lack of understanding on what inflation is means you are getting mixed up. You still seem to think that lower headline inflation should mean that consumer prices have to be reduced. I have already told you that inflation is only a measurement. It is a measurement of increasing prices. It doesn't cause increasing or decreasing prices. It just measures the rate of increase and decrease in prices. You sound stupid when you talk about slowing prices down to the inflation rate. After all inflation is onl a measurement of how priced are slowing down and speeding up. Still haven't a grasp on inflation I see. Sad!! really, really sad!! There is fifth years starting back school next week who can grasp this.
Waffle and bull from me!! Get a grip!

RE: Rip of republic

I have never said that competition within the supermarket sector was a cause for high prices in that sector. Unless you point out where I said that, will you stop banging on about it.
What I did say is that a lack of competition caused by socialist policy will cause higher prices. This was a direct answer to a question on how socialism causes high prices.
I'm not sure where are are going with the EU law thing. What I did say on this point was that EU employment law which is socialist in nature will cause inflation. Again, this was an answer in relation to how socialist policy leads to higher prices. Again you are mixing and matching.
I've given you plenty of other reasons as to why prices in Ireland are higher but you just ignore these. 25% cost base, exchange rate differentials and risk, etc. I am actually sick oflisting them because you just seem to ignore them.

RE: Rip of republic

You did ask me about how socialism is to blame for inflation. After-all price rises are what?? Oh yeah inflation!! But you don't actually have an understanding of inflation so I wouldn't expect you to understand. You also asked:



I answered this for you. I told you how socialist policy creates rigid markets. Rigid markets restrict competition. They result in inflated wages. They cause lack of investment. These all lead to high cost bases. I have explained to you the difference between the cost base in Ireland and Great Britain. Around 25% difference. You don't want to accept this for some reason. Our cost base differs from Great Britain's because they have more flexible labour and economic markets. Flexible markets=free market. Rigid market=socialism= higher prices



I have explained to you why economists link socilism with high inflation. When I did though, you decided to say you never asked me this question. So which is it?So did you ask me this question or not?



No I think i explained this to. However now you seem to be in the form to turn the debate into a play of words. It is usually a sign when someone can't back up what they are saying.

RE: One way conversations......

Indigoman, if this is not a come and get me message, I give up!!

RE: One way conversations......

RE: One way conversations......

Not a six-pack!!

RE: One way conversations......

But you are probably not missing out on their double chins, one pack, cankles, etc!!

RE: One way conversations......

Honestly, I don't see why anyone should have to justify to anyone else why they mightn't be interested or why they don't want to chat!

RE: Rip of republic

typo

RE: Rip of republic

You also seem to have a lack of understanding how EU policy now controls much of what effects business in member states. EU employment law is hugely problematic to business. EU employment law is socialist in nature. So what happens at an EU level effects thing in Ireland!

RE: Rip of republic

You asked me how socialist policies are inflationary. I told you that one of the reasons is the lack of competition that socialist policy will cause. I never said that there is a lack of competition in the supermarket sector. You just took one part of an answer and put it together with another part and decided I said there was a lack of competition in the supermarket area. But i never said that.
Are you telling me that a lack of competition doesn't not lead to higher prices? Because that is what I said.
I will tell you also that the European Union hold all competence in the area of competition law now. We have competition authorities, etc but all competition law is now decided in Europe. However, I never said anything about competition law EU competition law is quite good. If a member state breaks the law, it is dealt with in Europe. What I am arguing is that socialist policy is damaging to competition. Can you not remember the message I posted about how both are now debated in Europe because they simply don't work together?

RE: Rip of republic

I'm finished with this debate!! I wouldn't waste another minute debating economics with a person like you. I'm sure you have knowledge in some areas. Economics is not one of them. Keep reading the SUN and the STAR! Their reporters have as much a grasp of economics as you! They pander to your kind! Give them sensationalist nonsense to keep them reeled in!

RE: Rip of republic

The bank bail-out nationalised the debt! Can you not see that. You must clearly not have read my message.
Any time the State gets involved and nationalises anything, banks, bank debt, business, absolutely anything, it is socialist policy.
I never said lack of competition in supermarkets.

You are grasping at straws. I will repeat. Anytime the State nationalises anything, it is socialist policy. It gives collective ownership to the people in the State.
The bank-bailout was a nationalisation of the debt in the banks. Not the banks but the debt in the banks! It was socialist
Keep grasping at straws!!!! You don't understand inflation, you don't understand socialist policy, you don't even realise how nationalisation of debt is a socialist policy!! And you call me dumb!!

RE: Rip of republic

My quotes are all getting mixed up!



Even in the free-market, government have a role. A minuscule one but an important one. Protection of property rights and as an enabler of competition. Adam Smith even incleded this. It is one of the basic premises of the free-market system. The protection of the individual encompasses not just protection from government but also the protection of the individual against powerful forces which can damage his rights to take part in the market. When the free-market causes monopolies, it is called market failure. Government have a role in the system preventing these.

I've explained all of this to you! You seem to just keep coming back to the same questions without actually understanding the answers. By the way, I form all my opinions on many things. Some are from what others have written. Some are from my own personal happenings. And I always look at both sides of everything. I actually consider Marx to be on of the greatest economists ever. But I disagree with much of socialist policy!

RE: Rip of republic

I've explained all of this to you! You seem to just keep coming back to the same questions without actually understanding the answers. By the way, I form all my opinions on many things. Some are from what others have written. Some are from my own personal happenings. And I always look at both sides of everything. I actually consider Marx to be on of the greatest economists ever. But I disagree with much of socialist policy!

RE: Rip of republic

There was a misquote in my last message. It was the part where I was explaining to you the doctrine of socialism, the doctrine you seem to follow!



Bailing out banks was actually designed with an aim to keep these people from getting hurt. It was based on a lack of intelligence by government. It led to what you say alright! Anytime the government will nationalise anything, it is a socialist policy. After-all, the idea of socialism is that you have collective ownership over something. In this case, the government legislated for social ownership over private bank debt. That is a socialist policy! I'm not sure how you can argue it isn't.

Do you understand socialist policy now??

RE: Rip of republic

It can only be one of them! Either it does or doesn't. You are just playing with mirrors and shadows now!



I've explained! You simply didn't want to or failed to understand!

RE: Rip of republic

I will state this again as I have stated inflation to you! Any time a government nationalises anything, be that debt, banks, bank debt, business...absolutely anything, it is a socialist policy!
I wouldn't be too worried about Labour voting for or against anything. They lost all credibility a long time ago. At the moment, they are presiding in a government and voting for some of the most right wing policies this country has ever seen!! Labours way or Frankfurts way!! I guess we found out that they never really cared about the proletariat!! It was all about power! Same old, same old socialism!

RE: Rip of republic

Of course it was socialist! The free-market ideology states that the banks should have been allowed to fail. However, the banks went to Leinster House and told them that the country would fall apart. There wouldn't be any money in the ATM's for citizens and that social protection would fall apart. The government came to the decision they did because they were worried about these thing. The reasons behind the bank bail-out was protection of the socialist policies of our government.

You have already admitted how you believe socialist policy is inflationary. So if socialist policy is inflationary that must mean it causes higher prices!! Still haven't got a grasp of inflation I see!!

RE: Rip of republic

You are beginning to pick and choose. If you saw what I said, you would understand that I said lack of competition is a cause of higher prices. Did I say supermarkets?
Competition in supermarkets is one of the reasons why we don't have higher prices than we would if there was no competition.
Welfare is socialist policy. CUts in them are only reversing the worst of what socialist policy caused.
Childrens allowance is another socialist policy. Cuts in them are reflective of the understanding by government that socialist policy must be changed.
The USC has occurred due to the previous 20 years of crazy socialist policy. To pay off the banks?? Well it was socialist policy that intervened in this area. I am totally against, and every person with a free-market idealogy, bank debt being nationlized. Governemnt have no business doing this. But they did!!Every time government get involved trying to do something or fix something, they fu-k up!!

RE: Rip of republic

Ah come on, you wouldn't stop banging on asking me how socialism causes higher prices. Higher prices are inflation. Socialism=higher prices=inflation.
Not rocket science. I explained to you already that the sub-indices will differ from headline inflation. However, the difference will not be huge unless we have something like an oil crisis.
If inflation is low in Ireland, that will tell you that changes in prices is are low.
High prices in Ireland compared with other countries will be because of socialist policy!

RE: Rip of republic

It is not conjecture. Differences in the two indexes will be caused by the markets in these area. Rigid labour markets will mean that in some sectors prices will not fall as in markets which are flexible. Prices adjust faster in flexible markets. Rigid markets=socialism. Flexible markets=free market!! Rent and rate policy by the governemnt=socialism=rigid market=increased cost base=increased prices!


Like I said, the internat is the greatest source of information the world has ever known. When I'm not sure of something, I check up information on google. However, i am certain of these things!!

RE: Rip of republic

Wrong!! All the basket of goods in the CPI make up the inflation figure. They just eliminate goods from this basket to come up with sub-indices. The reason that both figure will be different is because certain things are excluded from the sub-indices that are included in the main index. You don't know how to compute inflation. Simple as that!

RE: Rip of republic

I gave you the example of stagflation in the 70's. This occurred at the end of "the thirty glorious years" of Keynesian economics. The socialist policy in these created the problems of both rising inflation and unemployment. It was the reason afterall, why free markets have come to the fore in the last thirty years. I wouldn't blame Keynes for this though. He never actually said that governments should get involved in the economy and stay involved in it. He just said it was needed during recessions. When he was questioned that his policies were inflationary, he said that he would consider that when he saw the results. However he died soon after the policies took hold. And he could never argue that he never meant for it to be a long-term policy of his. Lenin recognised socialist policy is inflationary, Keynes recognises it, Friedman and all the governments in the world recognised it in the 1970's. The socialist EU recognises it and is built upon free market structures to try to keep a 2% inflation rate. And it now realises that its labour market policies(socialist) are inhibiting growth!
But you can't understand why socialist policy is inflationary??

RE: Rip of republic

I also expalined to you how the European Social model is an example which creates rigid markets and keeps prices high and inhibits competition.When rigidity is placed on any market by socialist policy, it will affect prices. I also gave you the example of the European Social model. You must not have read up about it. Opening up the markets and increasing flexibility into markets is an objective of the EU. An objective based on free-market thinking. It creates competition and reduces inflation. However, there restrictions on labour market policies and there social policy in certain fields are socialist in nature. The two sets of policies work against each other, It is one of the reasons why a thing called Europe2020 has retained certain socialist policies but are more business orientated. The EU is aiming to try to keep its socialist policy however it is increasing flexibility in labour markets. They call it flexiciarity. Everyone knows they just made up this word to keep unions happy!! The simple fact is the EU understand that they can't have both policies!!

RE: Rip of republic

Read the thing! It is OK that people are wrong about things at times. You mustn't have read the document! Grasping at straws!! Go down and ask one of your underlings about inflation. They will tell you!
I have already told you about socialist policy been inflationary. You must have not understood it. But then again you don't understand inflation

RE: Rip of republic

Changes in the CPI index are known as inflation. Do you not know this? The main inflation figure is based on changes in all the prices in the CPI. Not certain goods. All the goods! Over 50000 of them!



I don't know if you have a job. You always seem to bang on here about how your job is better than everyone's. All debates anyone ever has with you, it always comes down to that. But no-one can ever tell who does what on here. It is irrelevant. The only people who ever bang on about things like that are people who can't debate on the aspects of the thread.
I had a debate about you before and it came down to the same thing. You are a company director! So what? WHo cares? If you are a company director, you are a company director who doesn't know the simplicity of inflation. You are also on this from 9am to 7pm in the day from Mon-Fri! What kind of company director are you??

RE: Rip of republic

A link to a document from the CSO. You will not need to read all of it. Question 45 and the answer details how sub-indices are gotten! It is like I said a process of elimination. All goods, including all core consumer prices are in the CPI. When others figures and indexes are needed, it happens by just eliminating the goods and service not needed.
Changes in the main CPI are known as the inflation rate. Or headline inflation. All core consumer products price changes will help determine this figure! You really simply don't have a clue!!



So I have one simple question. Are the CSO wrong and you right??
Clown!