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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.44

-1.2%

Nov 14 4:00 PM EST

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To: Bobby Yellin who wrote (6612)	1/23/1998 5:24:00 PM
From: Mike M2	Read Replies (1) of 116762

Bobby, the coleman article is good. The confusion about the term inflation is because many economists only recogize inflation when it manifests itself in the ppi & cpi. Economists of the Austrian school define inflation as an increase in money and credit beyond the needs of economic activity. The monetary inflation is in the financial markets. Go back on this thread to post 5621 there is a link to Al Freidberg for Austrian economic perspectives. I found a book in a library titled "Tiger by the Tail" -the legacy of Keynesian inflation by F A Hayek . For a short description of Austrian economics read Ch 10-11 of "Trader Vic Methods of a Wall ST Master" by Vic Sperandeo. Mike

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