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Cattle prices and the global economy scenario one
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<blockquote data-quote="3legdonkey" data-source="post: 856558" data-attributes="member: 17061"><p>True but if their money is worth less (prices go up significantly) they have less to spend on luxuries like steaks. So would the reduction in premium consumers hurt us as owners of livestock. Or would it improve our chances of selling directly to the end consumer and cutting out the middle man.</p><p></p><p> I have read arguments on both sides and I am not sure which argument I buy. In the "for inflation group" they say that by increasing inflation and increasing our income it improves our ability to pay down the debt. Whereas the against inflation folks say that because increased inflation reduces the time value of money it is more expensive to borrow money (aka the interest rate goes up) so doing business becomes more expensive and government has to raise taxes to make up for lost income. I really have no clue and I am suspicious no one else does either... Grin.</p></blockquote><p></p>
[QUOTE="3legdonkey, post: 856558, member: 17061"] True but if their money is worth less (prices go up significantly) they have less to spend on luxuries like steaks. So would the reduction in premium consumers hurt us as owners of livestock. Or would it improve our chances of selling directly to the end consumer and cutting out the middle man. I have read arguments on both sides and I am not sure which argument I buy. In the "for inflation group" they say that by increasing inflation and increasing our income it improves our ability to pay down the debt. Whereas the against inflation folks say that because increased inflation reduces the time value of money it is more expensive to borrow money (aka the interest rate goes up) so doing business becomes more expensive and government has to raise taxes to make up for lost income. I really have no clue and I am suspicious no one else does either... Grin. [/QUOTE]
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