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Waiting for Inflation? It's Already Here (Notice how prices of everyday things have gone up)
Minyanville ^
| 06/10/2010
| Robert Barone
Posted on 06/13/2010 9:14:20 AM PDT by SeekAndFind
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To: arthurus
Why do you speak of the price of groceries if you believe that inflation is unrelated to prices?
61
posted on
06/13/2010 3:34:31 PM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: SeekAndFind
Ask an economist. What costs more, a loaf of bread or a house?
62
posted on
06/13/2010 5:38:40 PM PDT
by
narses
( 'Prefer nothing to the love of Christ.')
To: Southack
Inflation is NOT prices. It is an increase in the stock of money. The overall level of prices tends to rise when there are more dollars chasing the same amount of goods. Prices do not rise uniformly and some will even fall as people shift their buying habits. Wages and salaries are the last prices to rise in an inflation and may actually fall for some people as people lose their jobs (leaving the same people chasing fewer jobs) due to the increasing inefficiency of pricing because of the inflation. Price dislocations are a result of inflation. They are not, themselves, inflation. You can’t actually measure inflation by price changes but you can tell if inflation is occurring.
63
posted on
06/14/2010 5:14:39 AM PDT
by
arthurus
("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
To: Southack
Oh hell, you win. I’m in the deflation camp anyway! (but I mean, movies DID used to cost a nickel!)
64
posted on
06/14/2010 5:57:31 AM PDT
by
Huck
(Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
To: arthurus
If salaries are falling, then you’ve got deflation.
65
posted on
06/14/2010 8:46:03 AM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
To: Southack
66
posted on
06/14/2010 10:51:50 AM PDT
by
arthurus
("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
To: arthurus
Stop being argumentative. You’re just trying to salvage your ego after I made it obvious that you didn’t understand deflation.
Won’t work.
67
posted on
06/14/2010 10:54:29 AM PDT
by
Southack
(Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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