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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GraceZ who wrote (53715)2/13/2006 1:37:42 PM
From: Elroy Jetson  Read Replies (2) of 110194
 
Inflation is the excess increase in credit and money.

You believe that inflation should be measured with a "special basket of goods" manipulated to under-count the rise in prices. Monetarism looks like prosperity only when inflation is under-counted.

Under-counting inflation creates the illusion of "productivity growth" and "economic growth" far beyond what actually exists.

When inflation is counted correctly, the illusions of productivity and growth, created by excess credit creation, vanish in the inflation adjusted statistics.
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