USA is considering to raise the debt ceiling - Will this eventually result in a

Jump to Last Post 1-4 of 4 discussions (4 posts)
  1. ptosis profile image64
    ptosisposted 8 years ago

    USA is considering to raise the debt ceiling - Will this eventually result in a runaway-inflation?

    US public debt will quickly approach and surpass 100% of GDP in the near future.  Should we all start bartering because of the fiat $$$$$

  2. Alternative Prime profile image66
    Alternative Primeposted 8 years ago

    Inflation always seems to get a bad rap, sure, there are potential downside effects but also potential benefits as well.

    Remember, everything usually "Washes" out with the economy. For instance right now we are in a flat environment just slightly above the "Deflation" line. Some think this is great news but in this type of environment your bank accounts earn an anemic .20% interest on a 6 month CD if your lucky. Sure prices on consumer goods are lower but your income stream is lower too.

    The exact opposite occurs with inflation, the cost of consumer goods rises but that same CD now yielding .20% will traditionally yield 4.00 to 5.00%.

    Just a matter of perspective I guess.

  3. Wayne Brown profile image83
    Wayne Brownposted 8 years ago

    I think we are already past the point as to whether we can expect inflation of a significant level. Back in the Carter days, the government had a greater demand for money than the consuming public and thus inflation was rampant.  We are seeing fuel prices on the increase which in turn will raise the price at the cosumer level which is nothing more than the leading edge of inflation showing up like a cold front from Canada.  At the same time, we have elected officials more willing to increase debt ceiling than they are to reduce earmark and pork-barrel spending.  America essentially has no fiscal restraint because our political sector has no belief in it. Power is money and they must have it!  WB

  4. ptosis profile image64
    ptosisposted 8 years ago

    IMHO: Iraq War inflation will be at least as bad as Vietnam War inflation

    "The most consistent short-term economic effect of war is to push up prices, and consequently to reduce living standards. This war-induced inflation was described in ancient China by the strategist Sun Tzu: "Where the army is, prices are high; when prices rise the wealth of the people is exhausted" (Tzu Sun, c.400 BCE) His advice was to keep wars short and have the money in hand before assembling an army."


    "Paper money ensures persistant inflation and persistant inflation is the most easily enforcible way to encourage the consumerism and waste that our civilization is based around. " ------ … n-tzu.html

    Wages fall behind inflation  and inflation is a hidden tax that robs you of your standard of living......

Closed to reply

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)