Zeev's Turnips Patch-No Politics (ZEEV)

[leekramer]

Hi Sylvester: When trying to ascertain "inflation" I suggest you look at the "general level of prices" rather than the CRB index. If the boys over at Treasury and the Fed inflate the money supply, it will, after 6-18 months, be seen in a rise in the general level of prices. Rising prices, as many folks think, are NOT inflation, they are the consequence, the result of prior money-supply inflating. I could write a tome about this (and have) but I hope this brief note is helpful.