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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TimbaBear who wrote (50341)	1/20/2006 11:58:44 AM
From: Tommaso	Respond to of 110194

Booze went up in price then because taxes went up--federal excise alcohol taxes. I don't really understand the original question, as addressed to "inflationists." Actually I don't know what an "inflationist" is: someone who thinks inflation is coming, or someone who favors causing inflation to keep the economy moving. The Friedman/monetarist/Bernanke explanation of price decline in the 1930s is that they were caused by a failure of the Fed to prevent the money supply from contracting 1929-1933.