Article View: sci.econ
Article #1743Re: Inflation
From: Norbert Schlenker
Date: Sun, 24 Jan 1993 15:57
Date: Sun, 24 Jan 1993 15:57
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In article <2420@blue.cis.pitt.edu> wbdst+@pitt.edu (William B Dwinnell) writes: >... bit I know that >people will pay interst for my investment, so I know that there must be >inflation. What you "know" is wrong. Even in the absence of inflation, people will pay interest for the use of your money. If they have a productive use for the money and can plausibly forecast that said use will return more than they would have to pay you as interest, they will borrow your money. They will do this irrespective of whether prices are inflating. Norbert nfs@cs.princeton.edu
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Newsgroups: sci.econ Path: arc1-ca.pugleaf.net!sparky!uunet!gatech!darwin.sura.net!spool.mu.edu!uwm.edu!linac!att!princeton!volkl!nfs From: nfs@volkl (Norbert Schlenker) Subject: Re: Inflation Message-ID: <1993Jan24.155732.10927@Princeton.EDU> Originator: news@nimaster Sender: news@Princeton.EDU (USENET News System) Nntp-Posting-Host: volkl.princeton.edu Organization: Department of Computer Science, Princeton University References: <2401@blue.cis.pitt.edu> <1993Jan23.170436.10269@athena.mit.edu> <2420@blue.cis.pitt.edu> Date: Sun, 24 Jan 1993 15:57:32 GMT Lines: 14