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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: KyrosL who wrote (16555)3/7/2002 9:53:58 PM
From: Don Lloyd   of 74559
 
Kyros -

I think my mother got a lot more for her money than she would have gotten for an equivalent amount of money twenty years ago.

No question, but that's the way it's supposed to work. Lower prices on existing products and all sorts of new and improved products and services.

However, if it weren't for the government devaluing money, all of these things, both new and just improved, would cost even less. The government is using the fact that all kinds of people are producing things more efficiently as savings are invested in capital equipment and new procedures to help disguise the fact that it is pursuing an inflationist policy for its own purposes.

Regards, Don
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