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 (2316)	6/10/2003 11:38:30 AM
From: GraceZ	Read Replies (1) of 4907

It may not be working, but they're trying. What are you using for evidence to support this contention? You're 'real inflation' You need to read more carefully. the Austrians use the money definition not the price rises... If one can't say Japan is inflating their definition doesn't work. Inflation always means that the value of your money is falling, there is no other way to measure that except prices. ... those prices rises were actually caused in the main part by an externality [imported oil] no? That's the common wisdom and like most things that are widely accepted its not entirely true. If you examine the period you'll see that price and wage inflation was well in place before the various oil shocks. Nixon instituted price controls in 1971 before the 1973 OPEC oil embargo.

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