Article View: sci.econ
Article #1669Re: Inflation
From: William B Dwinnell
Date: Fri, 22 Jan 1993 00:58
Date: Fri, 22 Jan 1993 00:58
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1105 bytes
Okay, Charles, the point I am trying to make is that inflation would occur even in a free market without government intervention (the perpetual bad guy), and even without money. Yes, inflation of prices means "prices go up", but that doesn;t tell us much. Why do they go up? It seems to be the contention of some here that inflation occurs because 1. the government does things to cause it, 2. because we use money, or 3. both. I am claiming that inflation would occur without either the government or money, as "natural" inflation will raise prices, due to the fact that if you sit on something, you waste its useful value. If you still do not understand, let me know, and I'll run through it again.
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Path: arc1-ca.pugleaf.net!sparky!uunet!gatech!pitt.edu!wbdst From: wbdst+@pitt.edu (William B Dwinnell) Newsgroups: sci.econ Subject: Re: Inflation Message-ID: <2306@blue.cis.pitt.edu> Date: 22 Jan 93 00:58:34 GMT References: <1993Jan21.041545.286@athena.mit.edu> <2259@blue.cis.pitt.edu> <1993Jan21.211300.8065@athena.mit.edu> Sender: news+@pitt.edu Organization: University of Pittsburgh Lines: 11