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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (67919)8/10/2006 12:37:47 PM
From: RJA_  Read Replies (1) of 110194
 
This is IMHO a great deal about semantics. Inflation/deflation vs causes of same.

If we agree on definitions, semantics go away, and much of the argument.

Proposed definitions:

Inflation: A general increase in price levels regardless of cause.

Deflation: A general decrease in price levels regardless of cause.

Once this is accepted, we can argue about causes of same, whether they be:

1. Supply and demand of scarce and useful commodities (oil, nat
gas, uranium)

2. Relentless expansion of medium of exchange (printing money)

3. Possible collapse of medium of exchange by vast write off of worthless loans: Fractional reserve banking applied in reverse.

Makes much more sense IMHO <grin>.
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