Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 174.76

+0.3%

3:59 PM EST

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To: Maurice Winn who wrote (55464)	12/21/1999 4:12:00 PM
From: mauser96	Read Replies (2) of 152472

OTOT--If there was a sudden shortage of oil, it would cause the price of oil to go up, resulting in a price increase also in those things made using oil. People would have to pay more for these things, leaving them less money to pay for other things. This reduced demand would in turn cause the price of these other things to fall. In other words generalized inflation would not result, unless the money supply was increased. That's just what happened in the US in the 1970's. The politicians liked it because it enabled them to blame somebody else. Today enough people are on to this trick that politicians probably would have trouble escaping the blame, at least in developed countries. Unemployment would be a factor acting across most of the goods and services available, reducing demand, but then again the money employers saved could in turn be spent, increasing demand. Inflation isn't an accident, it is a creation of government looking to make the public think they can get something for nothing. Low inflation rates are one of the key ingredients for this secular bull market.

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