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

To: Chaka who wrote (90153)	1/5/2008 4:48:52 AM
From: GST	Read Replies (1) \| Respond to of 110194

<the Austrian school> Actually it is only a whacko sub-branch of that school that states that inflation is an increase in money supply caused by an increase in money supply -- not a very bright bunch honestly. Inflation is about the value of money -- its purchasing power. Any school of thought that predicts THAT CAUSE AND EFFECT IS THE SAME THING is not worth the time of day. If I told you that rain is caused by rain you would laugh. If I told you that the common cold is caused by the common cold you would snicker. But when somebody tells you that a rise in money supply is caused by a rise in money supply you call it a school of thought -- strange.