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: LLCF who wrote (2285)	6/10/2003 8:10:48 AM
From: zonder	Read Replies (1) of 4905

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 No you did not apologize for it, and I showed in a later post (after having looked into the site itself rather than taken your word for what it said) that the sentence following the one you posted clarified their position - they never said "price increases are not inflation": --------------------------------------------------- Similarly, the essence of inflation is not a general rise in prices but an increase in the supply of money, which in turns sets in motion a general increase in the prices of goods and services mises.org ----------------------------------------------------- The first part, starting with "similarly..." is what you posted. What follows, in bold, is what you have missed. But Mises clearly states: "From this we an conclude that inflation is a general increase in the money supply." Oh for the love of heavens. Inflation is a rise in prices. That's how it's calculated. Get over it. After that, one may talk about whether or not increasing money supply TRIGGERS inflation...

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