October 13, 2021
Price Inflation
From E. Calvin Beisner
For those who, like me, have thought we're facing rapid and ongoing price inflation (I use that term instead of just "inflation" because, properly defined, inflation is expansion of the money supply, while price inflation is a ceteris paribus [other things being equal] general rise in prices---a consequence of the expansion of the money supply), this article is somewhat reassuring.
Assessing Market Expectations for Inflation
For those who, like me, have thought we're facing rapid and ongoing price inflation (I use that term instead of just "inflation" because, properly defined, inflation is expansion of the money supply, while price inflation is a ceteris paribus [other things being equal] general rise in prices---a consequence of the expansion of the money supply), this article is somewhat reassuring.
Assessing Market Expectations for Inflation
Posted by: Timothy Birdnow at
09:56 AM
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Beisner may find the article "somewhat reassuring." I'll be reassured when the price of food and gasoline drops.
Posted by: Dana Mathewson at October 13, 2021 10:15 AM (Idemf)
2
Me too. Cal likes to try to find the bright side on things. I don't really agree; often there is no bright side, at least these days.
There is no bright side to any of this, IMHO.
There is no bright side to any of this, IMHO.
Posted by: Timothy Birdnow at October 14, 2021 06:52 AM (ddU3V)
3
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Posted by: Teddy Angeles at October 14, 2021 10:48 AM (+a0JU)
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