[Steve_A]

Hi historycircus,

Price control has been practiced here in Brazil some years ago to try and combat raging inflation. It didn't work out too well.

Thank goodness Brazil went through hyperinflation and came out from it the other side. Perhaps later on the US could take a page out of their book. It's all at this link:

http://www.econ.puc-rio.br/gfranco/H...rinflation.htm

Best regards,

Steve

Originally Posted by historycircus

Hi Steve,

I instantly dismissed the idea of a million bucks per person on inflationary grounds too, but after thinking about it for a while, there is a way around that.

Since most mechanisms of our investment banking system are artificial anyway, the solution would be to institute price controls. Now, if you gave every person in the United States a million bucks, it would take a couple of decades of price controls to prevent companies from charging a thousand dollars for a gallon of milk. But, if you cut a check to U.S. families for say, $100,000, and instituted price controls for five years, that might work. Most will be out of money in five years (purchasing of cars, paying off that default mortage, credit cards, etc.), and therefore Prairie Farms, if they wanted to make money in the post-price control era, could not charge that thousand bucks for a gallon of milk. Price controls would be the key to another major stimulus package to the people. Then you would hear CEOs screaming about fairness and freedom! HA! Inflation is artificial, and can therefore be stopped.