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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.29

-0.9%

4:00 PM EST

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To: Hawkmoon who wrote (37403)	7/20/1999 8:49:00 PM
From: Daniel Chisholm	Read Replies (3) of 116790

Hi Ron, There has to be slight inflation in an economy since that is indicative of growth and monetary policy can be adjusted to deal with it. Inflation can be bad, but NO INFLATION is just a terrible for the economy. Why do you say that "no inflation" would be terrible? FWIW, I understand "no inflation" to mean that the currency unit maintains its value over time (i.e., neither depreciates nor appreciates) -- I explicitly state this because it seems to me that "inflation" and "deflation" are the most fuzzily used and misunderstood terms today, and I want no part of talking at cross purposes! And yes, I understand that the notion of "maintaining value over time" is slippery at best and perhaps even an impossibility to understand or define. What good do you see this "slight inflation" accomplishing? Force people to participate (i.e., gotta earn at least T-Bill rates to break even) in the economy even if they might otherwise prefer to simply sit on the sidelines? One traditional attribute of money is that it be a "store of value", what do you see being accomplished by (moderately) compromising this? Skeptical, but still trying to keep an open mind and learn more... - Daniel

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