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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: c.hinton who wrote (261143)	4/10/2008 11:01:45 AM
From: TimF	Read Replies (1) \| Respond to of 281500

You have to adjust for inflation to calculate real changes in wealth, but that doesn't mean the discussion about changes in wealth is a discussion about inflation. Debt and income (and cash flow, cash balances, etc.) all get depreciated by inflation in the same way and to the same degree, so a discussion of the claim "we can't be more wealthy because we have more debt", isn't really a discussion about inflation. Inflation is an even smaller factor in discussions about trade. And even if you want to talk about inflation, that doesn't automatically make it a discussion of the gold standard (or other commodity standard) vs. fiat money. You are apparently so focused in on that last issue, that in your mind, it becomes the core of just about any discussion, if it even has the most tenuous connection to that discussion, but this is only in your mind, not in reality.