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''Websters Collegiate
Dictionary's'' definition of Inflation will fit the A+B model fine, Dan, we
don't need to make another.
Joe
----- Original Message -----
Sent: Sunday, February 12, 2006 6:01
PM
Subject: RE: [socialcredit] Definition of
inflation
Before making your own definition of inflation to fit your A+B model,
here is the definition of Inflation according to my Webster
Dictionary:
"An increase in the volume of money and
credit relative to available goods and services resulting in a continuing rise
in the general price level."
Source: Webster Collegial Dictionary, 1996.
First, define inflation. Invariably, it is measured as "rising
prices", which therefore that is my, and I think our Party's,
definition of it. It may be caused by "too much money ...", when it is
"demand-pull inflation", or by other factors (e.g. rising oil prices or
higher interest rates) when it is "cost-push inflation".
And, once again, the A+B model postulates as a corollary that we have
cost-push inflation more than demand-pull. "There are factors in the
economy (B costs) that push the cost of goods above the level of consumer
purchasing power." So of course economists who deny the Douglas analkysis
don't understand where inflation is coming from.
Regards. John R.
From: "W. McGunnigle" <wmcgunn@maxnet.co.nz>
Reply-To:
socialcredit@elistas.com
To:
<socialcredit@elistas.com>
Subject: Re: [socialcredit]
Social Credit and Inflation--and related issues
Date: Sun, 12
Feb 2006 23:04:53 +1300
>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 answer
>as 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 statisdtical
>analysis of those figures. They
always have an excuse as to why their
>forecasts are incorrect. My
youngest brother has a theory that inflation has
>nothing to do with
money or product availablity, but is the direct result
of
>propaganda perpetrated by banking organisations who encourage
price
>increases by simply stating that inflation is increasing and
prices must
>increase to compensate for it. They don't have to state
any reasons, but
>simply 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 rather
>than an
economic consequence. I cannot see how this can be quantified, but
I
>can see the logic in his argument. It certainly explains the
"stagflation"
>phenomena where costs still increased despite falling
industrial production
>and 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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