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To: reaper who wrote (204082)11/12/2002 11:24:01 AM
From: Tommaso  Respond to of 436258
 
>>>a price increase due to government fiat is not inflation<<

I guess this means by "fiat" the tariffs on imported steel?

Whatever the source of the price rise, if your money buys less than it did before, that's inflation.



To: reaper who wrote (204082)11/12/2002 11:48:15 AM
From: Les H  Read Replies (1) | Respond to of 436258
 
guess that's why taxes are excluded from the CPI.