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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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To: zonder who wrote (2282)6/9/2003 11:00:13 PM
From: LLCF  Read Replies (2) of 4905
 
<In other words, no thanks. I am not making the same mistake again.>

Yes, that's fine... I just replied to you.

<based on your misunderstanding on some Austrian economists.
>

No, remember, although I used a quote that was technically taken out of context, for which I think I apologized for, the point was actually correct:

<It turns out, it was just LLCF's misunderstanding of what these "Austrians" say. They never said anything about rising prices NOT being inflation.>

Message 18958597

But Mises clearly states:

"From this we an conclude that inflation is a general increase in the money supply."

Further clarification:

<<"Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation' to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. >

So your assertion: <<zonder:.."Rising prices" = Inflation>>

Is appears you're opinion [the general one] is exactly what he was talking about with:

<< The result of this deplorable confusion is that there is no term left to signify the cause of this rise in prices and wages. There is no longer any word available to signify the phenomenon that has been, up to now, called inflation. . . . As you cannot talk about something that has no name, you cannot fight it.>>

I thought you caught that post:

Message 18959687

<All it got me was hours and hours of some of the finest content-free verbose diatribe >

Don't stay up to late! :)

DAK
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