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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (28414)	3/20/2005 3:41:46 PM
From: Rarebird	Respond to of 306849

<That favorite definition of the Austrians has been discredited.> Inflation under the first definition (an increase in the stock of money) is easy to illustrate with just one statistic. When the Fed was born in 1913, total (funded and unfunded) US federal government debt was $US 1.3 Billion. In 1913, unfunded government debt was precisely $US 0.00. Today, total (funded and unfunded) government debt is anywhere from $US 45,000 Billion to $US 65,000 Billion, depending on which figures you accept. Of that, the funded debt is about $US 7,774 Billion.