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

To: mishedlo who wrote (50707)	1/22/2006 3:40:25 PM
From: NOW	Respond to of 110194

"cant we just all get along?" lets agree that what we really all want to know is how can i get my money for nothin and my chicks for free?

To: mishedlo who wrote (50707)	1/22/2006 7:00:13 PM
From: GST	Respond to of 110194

<A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by> There is NOTHING in this definition that makes money supply "primary" and prices "secondary" -- it is clear that inflation refers to one thing and one thing only -- a persistent rise in prices. Money supply is listed as a "cause". Inflation can only be seen in prices, and prices are influenced to some degree by money supply. We know that money supply plays a role -- but money supply itself is NOT inflation and nothing in the definition you posted suggest that it is -- you cannot even support your own contentions on this issue. And the reason for even mentioning money supply is to begin to identify a "cause" of inflation to distinguish persistent price changes from transient ones. You then take this to mean that money supply and inflation are the same thing. This is simple nonsense. Inflation refers to a persistent rise in prices -- that is what inflation "is". If oil prices bounce around, it is not inflation unless it is persistent. Persistent price increases = inflation. Money supply is nothing more nor less than a possible cause.