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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: zonder who wrote (2308)	6/10/2003 10:27:50 AM
From: LLCF	Read Replies (3) \| Respond to of 4905

<they never said "price increases are not inflation":> I know... as I posted, they said this: <"Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use the term `inflation' to refer to the phenomenon that is an inevitable consequence of inflation, that is the tendency of all prices and wage rates to rise. > You can slice it and dice it all you want, my original point stands. <zonder:.."Rising prices" = Inflation> <<Yes, the Austrian view differs from your's as I posted, I'm sorry if it was misleading to the extent of the difference. >> I couldn't be any more clear. DAK