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To: zonder who wrote (259736)	9/10/2003 12:55:12 PM
From: ild	Read Replies (3) \| Respond to of 436258

<<<You "don't care about textbook definition of inflation"? Well, define it yourself, then. What exactly is "inflation", in your opinion, and how do you calculate this "inflation"?>>> I'd rather refrain from using words "inflation" and "deflation" altogether. They are just too confusing because everyone has a contradictory opinion on what they mean. The major current imbalance in US is a huge mountain of debt. The main question: will debt holders be able to service it? The point that CI made in #reply-19289274 is that without rising wages this debt can't be serviced.