To: Captain Kirk
"Mental midget? 25 precent deflation!? What alternative universe do you live in? The chart shows that you are completely wrong. There was no 25 deflation in the CPI in Japan:" Japanese Yen in 1998: $1 Dollar buys 122 Yen
Japanese Yen in 2008: $1 Dollar buys only 89 Yen
Yen Appreciation: 27%.
Definition of deflation: increase in value of fiat currency.
30 posted on
02/06/2009 12:36:58 PM PST by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack; Captain Kirk
Japanese Yen in 1998: $1 Dollar buys 122 Yen Japanese Yen in 2008: $1 Dollar buys only 89 Yen Yen Appreciation: 27%. Definition of deflation: increase in value of fiat currency.
This only is correct if you are comparing the currency value to something stable. Fluctuations in the dollar compared to the Yen make your figures questionable.
To: Southack
The most objective measure is to track the Japanese CPI over time which does NOT show a 27 percent deflation. The fact that the Yen has appreciated or depreciated relative to another currency is not an objective measure.
To: Southack
“Definition of deflation: increase in value of fiat currency.”
Deflation is a real decrease in the money supply.
Comparing two paper currencies backed by nothing is useless.
51 posted on
02/06/2009 7:33:43 PM PST by
SecAmndmt
(Arm yourselves!)
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