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

To: GST who wrote (75166)	12/10/2006 1:00:32 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

If there was any merit to that logic then you would have been in a deflationary environment for the past thirty years -- paying less for everything you buy because the price of oil (and most everything else) has done nothing but go up for a long, long time. The driving forces of inflation and deflation are indeed complex and only one thing is certain -- what is certain is that when you get a person who denies that inflation is about price levels (as we have seen), and tries to tell you that inflation IS THE SAME THING as changes in money supply, then you have left the world of rational human beings. That same person will tell you that inflation is CAUSED by changes in money supply. What you get from those quacks is the following: changes in money supply are caused by changes in money supply. GST your comments are now sheer idiocy. Inflation is an increase in money supply and credit. Changes in money supply are not caused by changes in money supply. Mish