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TetonBill

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TetonBill

Re: intune post# 2384

Wednesday, 10/06/2010 4:31:50 PM

Wednesday, October 06, 2010 4:31:50 PM

Post# of 80490
You are perhaps confusing inflation, on the one hand, and rising prices, on the other. Inflation is not the same as rising prices, anymore than rain is the same as wet sidewalks. Thus we can experience inflation without any change in velocity. Inflation is always and everywhere a monetary phenomena. Or so I was taught at the Chicago School by some pretty smart guys.
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