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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: patron_anejo_por_favor who wrote (4383)7/18/2000 8:27:59 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
i read an article in the Economist a few months back that basically presented the same argument, i.e. that a confluence of non-permanent factors was responsible to keep inflation in check.

to me inflation is anyway not solely determined by the rate of change of the CPI , however ridiculous the method of its calculation -g-. inflation is traditionally better defined by the rate of growth of the money supply, or rather the percentage by which it exceeds nominal GDP growth.

in truth, inflation has been huge...and the productivity boom coupled with the confluence of one time factors has masked that.

it is quite visible in the stock market however...
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