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Politics : Ask Michael Burke
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To: BGR who wrote (78318)3/22/2000 5:47:00 PM
From: pater tenebrarum  Read Replies (2) of 132070
 
<<almost like saying higher equity prices are evidence of inflation)>>

they are. inflation is the increase in the money supply above economic needs. it has been channeled into asset prices, just as in the 1920's and in the 1980's in Japan.
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