Article View: sci.econ
Article #1688Re: Inflation
From: William B Dwinnell
Date: Fri, 22 Jan 1993 23:33
Date: Fri, 22 Jan 1993 23:33
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But money does have value. It has as much value as anything it will buy, no? Also: you state that we cannot have inflation with no money. But, then, I ask, why is it that you only measure prices (which are what inflate, in inflation) in money? Why not in other goods? In fact, is that not how we benchmark money itself, through things like the CPI, which is a bacxxx basket of goods? [By the way, I'd like to apologize for the apalling job I am doing of editing my messages, I am new to this Unix editor.]
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Path: arc1-ca.pugleaf.net!sparky!uunet!paladin.american.edu!howland.reston.ans.net!zaphod.mps.ohio-state.edu!ub!dsinc!pitt.edu!wbdst From: wbdst+@pitt.edu (William B Dwinnell) Newsgroups: sci.econ Subject: Re: Inflation Message-ID: <2385@blue.cis.pitt.edu> Date: 22 Jan 93 23:33:58 GMT References: <1993Jan21.211300.8065@athena.mit.edu> <2306@blue.cis.pitt.edu> <93Jan22.120509edt.574@neuron.ai.toronto.edu> Sender: news+@pitt.edu Organization: University of Pittsburgh Lines: 10