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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (11244)	11/23/2001 8:49:24 AM
From: Don Lloyd	Respond to of 74559

CB - Since Austrians define inflation as an increase in the money supply, what do they call a persistent increase in prices due to an increase in demand exceeding supply? That would likely be the bust part of the boom/bust cycle as production collapses faster than demand. Alternately, it could be the result of interventionism applying partial price controls and eliminating the possibility of profit. If you saw the list of MP3 audio files at Mises, mises.org I can recommend - Introduction to Money by George Reisman (Pepperdine University). [Download (54:37)] as it demonstrates that central bank expansionism causes both price inflation and deflation at different times, among other things. Regards, Don