| Subject: | Re: [socialcredit] Definition of inflation | | Date: | Tuesday, February 14, 2006 20:28:52 (+0000) | | From: | John G Rawson <johngrawson @.......com>
|
| In reply to: | Message 3400 (written by Jeffery Smith) |
I am working from our NZ "Consumer Price Index", set up by people with great
economic knowledge except that, presumably at the behest of the banks, house
mortgages were removed as an item some years ago. I presume other civilised
nations have similar statistics.
Cost-push inflation is quite real, not mythological, with our present soaring
fuel prices.
And put yourself in the place of the author of a dictionery. For definitions
you would go to experts. Perhaps this is another example of warped expertise in
the field of economics?
Regards. John R.
From: Jeffery Smith <jjs@geonomics.org>
Reply-To:
socialcredit@elistas.com
To: socialcredit@elistas.com
Subject: Re:
[socialcredit] Definition of inflation
Date: Mon, 13 Feb 2006 10:18:34
-0800
>On Feb 12, 2006, at 9:04 PM, John G Rawson wrote:
>
>>Then where does the
accepted "cost push inflation" fit in?
>
>Into our modern mythology, economics
being the last great bastion of
>superstition.
>
>>And I repeat, it is measured
as price rises, with no relation to
>>money supply.
>
>_All_ prices? If money
supply and velocity don't change, then
>mustn't some other prices
fall?
>
>>Perhaps the dictionary is being a little impractical in this
case?
>
>Conformity to prevailing convention is nearly always practical,
>isn't
it,
even when conventional wisdom is wrong?
>
>As foreign demand for US dollars
falls, watch US inflation continue
>to rise, as those dollars come home to
roost.
>
>SMITH, Jeffery J., President, Forum on Geonomics
>3604 SE Morrison St,
Portland Oregon 97214 USA
>503/234-0809; jjs@geonomics.org;
www.geonomics.org
>Share Earth's worth to prosper and
conserve.
>
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