Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: gpowell who wrote (1560)	5/20/2003 6:53:12 AM
From: zonder	Read Replies (1) of 4905

Inflation is defined as a persistent* rise in the general level of prices* Yes, of course. I was trying to get the gentleman to accept at least that "inflation=price increases". I was hoping to get to the finer points later on. Anyway, reading the stuff he quoted IN FULL from the site, I see that it is not saying "inflation is not price increases" at all: Message 18958580 Thanks for the detailed clarifications, although they were probably lost on some of us who to this day were oblivious to what inflation is. If you recall, this is where we started this unfortunate waste of time: LLCF:....I think I misspoke when I said 'inflation' with falling demand. I should have said: 'rising prices with falling demand' Message 18955121 zonder:.."Rising prices" = Inflation LLCF:....That's arguable as the 'Austrians' can attest Message 18955234 It turns out, it was just LLCF's misunderstanding of what these "Austrians" say. They never said anything about rising prices NOT being inflation. They just wanted to look further back in the chain of causality to increased liquidity, as the "essence" of inflation.

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