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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (212873)	7/21/2007 10:21:50 AM
From: LindyBill	Read Replies (2) \| Respond to of 794040

I am no longer comforted when they tell me inflation is not a problem - if you remove the volatile food and energy components. And neither one, in this case, is having it's prices raised by "inflation." I am so sick of the MSM, and many economists, not defining the term better. Inflation is a price rise caused by the money supply increasing faster than productivity. What is happening with food and energy is a supply and demand problem, not an inflation problem. Everybody combines the two and calls them "inflation" because it's easier than being precise.