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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Oblomov who wrote (249512)7/11/2003 10:23:28 AM
From: Jeff Jordan  Read Replies (1) of 436258
 
>>>then why did we have price inflation in 1993? Money supply was shrinking then. <<<

I think because we had real growth in the economy and the demand for goods and services WAS REAL!

The spending from the Reagan build-up trickled into the economy created work for everyone....employment is a good thing. It doesn't cause inflation!IMO
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