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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Morgan Drake who wrote (2794)6/20/1999 12:06:00 PM
From: LindyBill  Read Replies (2) of 54805
 
My definition of Inflation is:

A general increase in prices due to the money supply rising faster than productivity

To read the papers, you would think that inflation is:

A general increase in prices

I don't think it is a conspiracy on the part of the media to misrepresent inflation, I just think they are all Liberal Arts Majors who flunked econ 101.

Morgan, we don't disagree on this, I think. Our biggest asset the last 10 years has been Greenspan, who also understands this. But, he also understands Politics, and has to play the game.

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