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To: Tublecane

There is no need for me to educate myself about what “devaluation” or “inflation” are I am quite familiar with them.

When one speaks of “devaluation” generally it is with reference to exchange rates and it the RESULT of inflation. It is an EFFECT of inflation it does NOT cause inflation.

Inflation is an increase in the GENERAL price level and cannot occur without increases in the money supply greater than the increase in productivity.


33 posted on 05/16/2011 10:56:07 AM PDT by arrogantsob (Why do They hate her so much?)
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To: arrogantsob
The so called beltway say Obama is unbeatable as he does everything a President who is in a panic does, I think he knows the next 18 months are not going to be pretty.
35 posted on 05/16/2011 10:58:44 AM PDT by scooby321
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