Article View: sci.econ
Article #1720Re: Inflation
From: Charles M Kozierok
Date: Sat, 23 Jan 1993 19:36
Date: Sat, 23 Jan 1993 19:36
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In article <2385@blue.cis.pitt.edu> wbdst+@pitt.edu (William B Dwinnell) writes: > > 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? inflation is *defined* as an increase in prices or a decrease in purchasing power. -- charles
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Newsgroups: sci.econ Path: arc1-ca.pugleaf.net!sparky!uunet!think.com!enterpoop.mit.edu!bloom-picayune.mit.edu!athena.mit.edu!cmk From: cmk@athena.mit.edu (Charles M Kozierok) Subject: Re: Inflation Message-ID: <1993Jan23.193637.17490@athena.mit.edu> Sender: news@athena.mit.edu (News system) Nntp-Posting-Host: vongole.mit.edu Organization: Massachusetts Institute of Technology References: <2306@blue.cis.pitt.edu> <93Jan22.120509edt.574@neuron.ai.toronto.edu> <2385@blue.cis.pitt.edu> Date: Sat, 23 Jan 1993 19:36:37 GMT Lines: 15