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To: expat_panama
Prices always change when free people are allowed to charge what they want and pay what they want. The only way to have zero inflation is with an all powerful state run economy.

Inflation is not about individual prices for the various goods and services in the free market. Those can fluctuate in a zero-inflation environment.

Inflation is a rise in the general price level, caused by the government devaluing the currency.

11 posted on 10/23/2014 11:04:41 AM PDT by cynwoody
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To: cynwoody
Inflation is not about individual prices for the various goods and services in the free market. Those can fluctuate in a zero-inflation environment.  Inflation is a rise in the general price level--

Having a hard time figuring out where or whether we diverged here.  Sounds like we agree that prices have to fluctuate.  Do we agree that if prices generally fluctuate up it's inflation and if they fluctuate down it's deflation? 

15 posted on 10/23/2014 11:32:09 AM PDT by expat_panama
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