Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Realism
I don't see a problem,

Which confirms the fundamental misunderstanding.

inflation can be triggered by a number of factors, including that example.

Incorrect. Inflation is not rising prices. Or upward price pressure.

Rising prices and upward pressure are symptoms of inflation, not causes.

"Inflation is everywhere and always a monetary phenomenon".....Milton Friedman

304 posted on 07/12/2005 10:20:28 AM PDT by Protagoras (Now that the frog is fully cooked, how would you like it served?)
[ Post Reply | Private Reply | To 302 | View Replies ]


To: Protagoras

The example states that higher production (labor) costs could trigger inflation, because of a likely demand for higher wages.


305 posted on 07/12/2005 10:36:00 AM PDT by Realism (Some believe that the facts-of-life are open to debate.....)
[ Post Reply | Private Reply | To 304 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson