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Message 3392
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| Subject: | Re: [socialcredit] Social Credit and Inflation--and related issues | | Date: | Monday, February 13, 2006 10:59:00 (+0000) | | From: | Kenneth Palmerton <kenpalmerton @................uk>
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In-Reply-To: <000d01c62fbb$c6014680$fc6437d2@computer>
Hi Bill.
Your Brothers explanation is certainly as good as any of the so called
"Text book" explanations I have read :-)
Ken.
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From: "W. McGunnigle" <wmcgunn@maxnet.co.nz>
To: <socialcredit@elistas.com>
References: <memo.533004@cix.compulink.co.uk>
Date: Sun, 12 Feb 2006 23:04:53 +1300
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Subject: Re: [socialcredit] Social Credit and Inflation--and related issues
X-Envelope-To: kenpalmerton@cixcouk.cix.co.uk
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Hi Kenneth
I had not really considered that question of "inflation"
as it operated in our economy, but was intrigued by your comment that
socalled "economic experts" have never produced a really satisfactory
answeras to why it happens. I find that, on reflection, all their
"explanations"appear to be waffle with little or no substance to back up
their comments.They are very good at manipulating figures, but very short
on statisdticalanalysis of those figures. They always have an excuse as to
why theirforecasts are incorrect. My youngest brother has a theory that
inflation hasnothing to do with money or product availablity, but is the
direct result ofpropaganda perpetrated by banking organisations who
encourage priceincreases by simply stating that inflation is increasing
and prices mustincrease to compensate for it. They don't have to state any
reasons, butsimply create an atmosphere whereby price increases are
accepted. Inflation,i.e. increased costs for goods and services, follows
on as a self-induced,self-fullfilling prophesy. Effectively "inflation"
is a mind set ratherthan an economic consequence. I cannot see how this
can be quantified, but Ican see the logic in his argument. It certainly
explains the "stagflation"phenomena where costs still increased despite
falling industrial productionand increasing unemployment.
Bill Mc Gunnigle
----- Original Message -----
From: "Kenneth Palmerton" <kenpalmerton@cix.compulink.co.uk>
To: <socialcredit@elistas.com>
Cc: <kenpalmerton@cix.compulink.co.uk>
Sent: Friday, February 10, 2006 5:40 AM
Subject: Re: [socialcredit] Social Credit and Inflation--and related issues
> In-Reply-To: <00aa01c62844$b0b3d320$6400a8c0@cdv73pbgpo6eny>
> Hi Wallace.
>
> For a very long time I have been of the opinion that economists do NOT
> understand "inflation". Even their attempts to describe it, and offer a
> definition leave me much less than convinced of their competence.
>
> They seem to offer no logical explanation of why prices rise.
>
> I have sat with fellow directors of a manufacturing company around our
> board room table looking at each other wondering if our competitors would
> let us get away with a price rise of our products.
>
> This was not so much an exercise in maximising our profits, as trying
> desperately to cover our costs. This I believe is a common scenario,
> common to most companies in mature markets.
>
> Coming to understand later the rightness of A+B has helped, with its
> reference to purchasing power, which was the other thing we Directors
> agonised over. Would our customers have the money in their pockets when
> they chose our products ?
>
> This enlightenment came too late for me and mine I fear :-))
>
> Ken.
>
>
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