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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (3896)	1/6/2002 7:37:28 PM
From: ahhaha	Read Replies (2) \| Respond to of 24758

How does, "We haven't seen monetary inflation since the 19th century, so none of the pundits of money have any idea about what is coming" imply that the great 20th century inflation wasn't monetary? I'll answer. It doesn't. What caused prices to accelerate during the '70s was the inability to supply, at a fixed cost, a rising demand. The FED supported the rising demand by creating money, but the real money supply was falling. Inflation was rising faster than money. So the inflation wasn't monetary. What do we have now?