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To: MichiganConservative

“sorry” MC...but that is an outdated measure of inflation.

It assumes only one currency is used to purchase goods, in fact that is not the case in a globalized world.

48 posted on 08/04/2009 3:03:51 PM PDT by padre35 (You shall not ignore the laws of God, the Market, the Jungle, and Reciprocity Rm10.10)

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To: padre35

Then what is inflation if it is not the increase in the money supply?

49 posted on 08/04/2009 3:05:40 PM PDT by MichiganConservative (ObamaCare is socialism. It will do nothing but increase premature, unnecessary death.)

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