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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: benwood who wrote (50508)1/20/2006 6:07:56 PM
From: GST  Read Replies (1) of 110194
 
< the root cause> This is what Mish says: "Inflation is an increase or decrease in money. Period."
Message 22082827

The monetarists are not saying that the money supply has an impact on inflation, they are saying that money supply "is" inflation. Does money supply play a role in my view? YES! But a role in what? A role in determining prices.

When a person (I am thinking of Mish here) says that prices don't matter, only money supply matters, that person is practicing faith-based montary religion and it has nothing to do with inflation and deflation.
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