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To: LindyBill who wrote (3415)	7/4/1999 3:22:00 PM
From: mauser96	Read Replies (1) \| Respond to of 54805

Then the opposite would be to define inflation as an increase in prices and wages caused by the money supply increasing faster than productivity. The more usual definition of inflation is too much money supply chasing too few goods. Maybe these are variations on the same theme ... The trouble economists have with using productivity is that it's very hard to measure. Over the last 50 years or so economists have progressively become more enamored with arcane mathematics to explain everything. When your main tool is a hammer, everything looks like a nail. Or better yet, economists often remind me of the drunk looking for his lost car keys under the street lamp because the light is better there. <<gg>> I'm with you, inflation is a monetary phenomena, and is entirely preventable by any government willing to show discipline.