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To: Tommaso who wrote (75385)	12/12/2006 10:13:33 AM
From: GST	Respond to of 110194

<In Paul Samuelson's classic textbook "Economics," he writes: "By inflation we mean a time of generally rising prices for goods and factors of production--rising prices for bread, cars, haircuts; rising wages, rents, etc. By deflation we mean a time when most prices are falling." Anyone can rewrite the definition however he pleases, but the further one departs from this generally accepted use of the word "inflation," the closer one comes to lunatic idiosyncrasy.> Very well said indeed. Thank you.

To: Tommaso who wrote (75385)	12/13/2006 4:00:20 AM
From: bart13	Read Replies (1) \| Respond to of 110194

In Paul Samuelson's classic textbook "Economics," he writes: "By inflation we mean a time of generally rising prices for goods and factors of production--rising prices for bread, cars, haircuts; rising wages, rents, etc. By deflation we mean a time when most prices are falling." And when you look in more advanced or older Economics texts or in the unabridged OED or Websters, you find more precise definitions that aren't simply labels that boil down to inflation being more money than goods.