Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Tallant who wrote (74595)	8/18/1999 11:25:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

>there is clearly no inflation Answer one question for me, if you will. Assume everyone in the country bought one share of AOL tomorrow. Now assume the share price went to 1 million dollars per share. Meanwhile, a loaf of bread still costs 1 dollar, and a car still costs $20k. Every government statistic says prices are stable. (conveniently leaving out the largest price increase of them all, equities) Tell me- is there inflation in this example? Or is it your assumption that there is no such thing as asset inflation? Even though the government's own statistics show 28% of the entire national wealth is tied up in the equity markets? Just because all those 1 million dollar AOL shares have not been cashed in at the bank yet, does not mean there is no inflation.