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To: hubbubhubbub
I reject the premise of your question. You are implying that in order for the economy to grow by 4% we need 4% inflation.

Not at all. The money supply is not related to the growth in GDP. Your confusion about the topic shows that you don't understand the gold standard and its shortfalls and you certainly don't understand money supply or inflation.

Unfortunately what you are espousing is what passes for economics education nowadays.

You make me laugh. Please, explain what causes inflation, if you know.

100 posted on 12/09/2005 7:06:00 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: Toddsterpatriot

"Please, explain what causes inflation, if you know."

The growth of money in excess of the growth of products and services. Now go away you clown.


228 posted on 01/03/2006 4:55:55 PM PST by hubbubhubbub
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