Understanding The Inflation In The Pipeline
Understanding The Inflation In The Pipeline
By WALTER E. WILLIAMS Posted Wednesday, September 09, 2009 4:20 PM PT
With the massive increases in federal spending, inflation is one of the risks that await us. To protect us from the political demagoguery that will accompany that inflation, let's now decide what is and what is not inflation.
One price or several prices rising is not inflation. Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.
READ the whole editorial
By WALTER E. WILLIAMS Posted Wednesday, September 09, 2009 4:20 PM PT
With the massive increases in federal spending, inflation is one of the risks that await us. To protect us from the political demagoguery that will accompany that inflation, let's now decide what is and what is not inflation.
One price or several prices rising is not inflation. Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.
READ the whole editorial
posted by Ed E. Trebor at
7:15 a.m.
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