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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: BGR who wrote (66412)10/5/1999 10:54:00 AM
From: pater tenebrarum  Read Replies (2) of 86076
 
BGR, oh yes, an increase of 200% in the last 10 years IS. it far outstrips economic growth during that time. and it is obvious that the inflationary effects of this have been channeled into asset prices...stocks, bonds and real estate. the increase in money supply is the CLASSICAL measure of inflation, since by definition this is where inflation is rooted. higher prices are merely the effect - the cause is still the burgeoning money supply. just because inflation has been confined to asset prices does not mean it is absent.
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