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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bart13 who wrote (75202)12/10/2006 8:51:24 PM
From: GST  Read Replies (1) of 110194
 
Hi Bart -- International trade related imbalances. Positional goods. Tightening supply conditions. That is good for a start. As for money supply and credit, they clearly play a significant role, but there is no one to one causal relationship outside of an economy where you artificially assume away all other factors.

Smoking causes cancer, But smoking is not itself cancer, nor is it the only cause of cancer, and not everybody who smokes gets cancer -- at least not in the short run. To flag smoking as an important cause of cancer is logical. To say that smoking is cancer or that cancer is only caused by smoking is of course idiocy.

But every time you let somebody on the bond bubble thread say the following -- "Inflation is an increase in money supply and credit" (http://www.siliconinvestor.com/readmsg.aspx?msgid=23087851) -- then you are accepting a conversation based on idiocy. When you accept that "inflation is an increase in money and credit", you then have little choice but to accept its circular collalory: inflation is caused by itself -- i.e. by an increase in money and credit. Why anybody would give the time of day to this sort of bullcrap is beyond me -- yet it is here on this thread in spades.
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