One price or several prices rising is not inflation.A good read.Increases in money supply are what constitute inflation, and a general rise in prices is the symptom
And something that seems to escape almost every liberal when it comes to economics.
I'm not sure you could get many Freepers to acknowledge the bolded statements of fact. Heck, look at how many Freepers support the "Fair Tax" and you can see that the level of understanding of economics isn't high here.
LOL! So sayeth the guru. What a ridiculous statement. I think you'll find a large list of monetary economists (that means they agree with the above article since you obviously don't understand it) have written an open statement in support of the fair tax.