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Article #1669

Re: Inflation

#1669
From: William B Dwinnell
Date: Fri, 22 Jan 1993 00:58
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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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Message-ID: <2306@blue.cis.pitt.edu>
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References: <1993Jan21.041545.286@athena.mit.edu> <2259@blue.cis.pitt.edu> <1993Jan21.211300.8065@athena.mit.edu>

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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>
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Organization: University of Pittsburgh
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