To: Toddsterpatriot
When every price declines, that's deflation. Every price? Not the average price level for the hypothetical average Joe? If Picassos appreciate while all commodities depreciate is that deflation?
If home values and the stock market decline while hard asset prices rise is that deflation?
142 posted on
12/11/2005 7:40:33 PM PST by
AdamSelene235
(Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
To: AdamSelene235
2 : a contraction in the volume of available money or credit that results in a general decline in prices
143 posted on
12/11/2005 7:46:04 PM PST by
Toddsterpatriot
(The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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