ron-jones

A simple explanation of inflation

A clear, cogent explanation of Covenant Theology.

"So what are these covenants? Theologians speak, first, of a Covenant of Redemption, made between the members of the Godhead; second, of a Covenant of Works, made between God and man; and third, of a Covenant of Grace; which is basically a repetition to man of the first Covenant of Works, with the added proviso that a Redeemer would be provided to fulfill the required works in the place of all covenant-members, as their federal head."

Inflation is NOT rising prices. Inflation is an increase in the money supply (read "quantitative easing"). Rising prices are merely a side effect of an increase in the money supply.

Put another way, because the supply of money has been increased, the money you have in your savings account, and the money you receive on pay day is now worth less than it was last year.

Bernanke's promise to keep interest rates at 0% means the money you keep in a bank account will be worth *less* at the end of the year. So, you'd be better off to buy the 'stuff' you need NOW while you can buy it with dollars that are worth more than they will be when you actually need/want the 'stuff' you will buy.

The first time I heard Zemer Levav I felt the music all the way to my very soul. It was the most beautiful sound I'd ever experienced. If you are a Believer, they are not to be missed.