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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (52650)	5/13/2000 11:25:00 AM
From: LLCF	Read Replies (1) \| Respond to of 116912

<<But higher prices in energy are not true inflation, but only a display of price manipulation by monopolist producers.> Yes, assuming the price of something else went down... NASD?> The NASD part was a joke... my point is that if you take a simple economy with say 4 goods, and the price of one went up [oil], and the others stayed unchanged you did indeed have inflation, I don't care what the cause... now theoretically the price of the others should fall to ofset it. I am undecided which is worse for our economy at this time... having the others fall to offset or having inflation. In reality, very few prices are declining. In fact what we may have here is an externality.... price of oil increasing [doesn't matter why] creating a one time real increase in overall price level in our economy. IMO the benign sounding picture you're painting couldn't be more misleading. The fact that WE didn't create the inflation, but some outside evil is beside the point isn't it?? DAK