| Subject: | Re: [socialcredit] Definition of inflation | | Date: | Tuesday, February 21, 2006 15:22:40 (-0800) | | From: | Jeffery Smith <jjs @.........org>
|
On Feb 14, 2006, at 12:28 PM, John G Rawson wrote:
>
> Cost-push inflation is quite real, not mythological, with our present
> soaring fuel prices.
Yet, how is it possible? As oil goes up, and people spend less on other
things, why don't the prices of other things go down? Because, too much
new currency.
> Perhaps this is another example of warped expertise in the field of
> economics?
Probably.
SMITH, Jeffery J., President, Forum on Geonomics
7536 SE Milwaukie Av, Portland Oregon 97202 USA
503/232-1337; jjs@geonomics.org; www.geonomics.org
Share Earth's worth to prosper and conserve.
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