Thread: Inflation. Is it so bad for the AVERAGE American?
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Old 07-03-2009, 06:42 PM
ilkhan
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No it is not. Inflation has to do with prices.

If the money supply doubles and the population doubles during that same period ceteris paribus - there will be ZERO inflation.

No Drama is correct Inflation IS money creation.
Mearly being fixated on price increase and ignoring money creation is what fouls most Keyenesiens up.
Inflation IS a tax and it always attacks the poor and middle class the worst.
I do see your point controling though Zero inflation, It goes with supply and demand.
IMO

Here is a short read on the subject from the Misses institute If you care to delve into it.
Just FYI to see what we are talking about.

http://mises.org/story/908

Some people, long dead, would be so amazed at the really lively debates we have about economics.
On the internet Laymen, Keyenisian, and Austrians even Chicago school. Its weird to think about...
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