Article View: sci.econ
Article #1746Re: Inflation
From: William B Dwinnell
Date: Sun, 24 Jan 1993 23:09
Date: Sun, 24 Jan 1993 23:09
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Radford Neal: We are not talking about society being "hurt", we are talking about inflation. If interest generates inflation, all nominal dollars shrink in real value, whether they earn interest or not. The ones earning interetst simply multiply. Both the principal and the interest, as nominal money, are still worth less than before: the very definition of inflation. What terminology do you object to, that i I use?
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Path: arc1-ca.pugleaf.net!sparky!uunet!zaphod.mps.ohio-state.edu!sdd.hp.com!nigel.msen.com!hela.iti.org!cs.widener.edu!dsinc!pitt.edu!wbdst From: wbdst+@pitt.edu (William B Dwinnell) Newsgroups: sci.econ Subject: Re: Inflation Message-ID: <2456@blue.cis.pitt.edu> Date: 24 Jan 93 23:09:53 GMT References: <1993Jan23.170436.10269@athena.mit.edu> <2420@blue.cis.pitt.edu> <1993Jan24.155732.10927@Princeton.EDU> Sender: news+@pitt.edu Organization: University of Pittsburgh Lines: 7