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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Defining Inflation
  • Date: Mon, 29 Sep 2008 08:41:12 -0700 (PDT)

I probablt didn't except it in a good way. I think, he essentially says what
you say. He , in this article, is talking about the CPI, and saying that
measuring money suopply is a better gauge.....bobford


--- On Mon, 9/29/08, Clansgian AT wmconnect.com <Clansgian AT wmconnect.com> wrote:

> From: Clansgian AT wmconnect.com <Clansgian AT wmconnect.com>
> Subject: Re: [Homestead] Defining Inflation
> To: bobford79 AT yahoo.com
> Date: Monday, September 29, 2008, 9:39 AM
> > >If inflation is just a general rise in prices, then
> why is it regarded as
> > bad news? What kind of damage does it do?
>
> Your economist has this wrong. Inflation is not just a
> rise in the supply of
> money any more than it is just a rise in prices.
>
> Inflation is when the the money supply rises FASTER than
> the supply of goods,
> when there is more money to buy the same number of goods.
>
> This is a principle I preach like a reed shaken in the
> wilderness, all the
> talk about what we could do with that trillion dollars if
> it were not for the
> war, or what we could do with that $700 B instead of the
> bail out. We could do
> nothing with it. If we dumped that money on the public,
> the amount of goods
> does not go up. The only result would be higher prices,
> inflation. </HTML>







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