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

To: basho who wrote (53992)	2/16/2006 11:26:37 AM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Heck, I am willing to debate him on the basis of this definition. dictionary.reference.com A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services. But not only does he not like my definition (an Austrian economist definition actually), he does not like the dictionary definition either. Even though there are plenty of definitions out there, anyone that does not accept HIS definition is an idiot (to him). All I want to do is explain HIS definition (ie how he measures price increases and what his basket is) but he will not even do that. He says the US$ is in a bubble but will not say why. He implies inflation is rampant but will not describe his measure or his basket of goods or services. Mish