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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (104617)	11/22/2011 9:37:36 AM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

I have no sinister intentions. I am just calling it like I see it. Also, I don't think I bent over backwards to slant the data. I just showed you what the data tells us. The fact is that inflation is not usually a natural phenomenon. In highly interconnected markets like we have, inefficiencies are very quickly (at computer speed) sorted out to find equilibrium between supply and demand. Arbitrage can still be played by computers, but those opportunities disappear almost instantaneously. What all that means is that when we see inflation, you have to look no further than the proximate common sense cause: money printing by central bankers. Milton Friedman said "inflation is always and everywhere a monetary phenomenon." He was simply pointing out the obvious, that if you print more money, you will create higher inflation. This isn't rocket science. It's not sinister. It is not biased. If I told you the sun will rise tomorrow, you wouldn't call me sinister or biased. Rather, you'd nod your head and maybe tell me to stop stating the obvious. So why do you resist the equally common sense idea that increasing the money supply through printing more money creates higher inflation?