Article View: sci.econ
Article #1779Re: Inflation
From: William B Dwinnell
Date: Tue, 26 Jan 1993 09:48
Date: Tue, 26 Jan 1993 09:48
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Jim Hranicky: No, I was not referring to Keynes at all. This was my point, that to say that "inflation was wrong" (or "is" wrong) presupposes that someone is responsible for inflation. But I contend that inflation can happen naturally. Ignring the government for a moment (a wise policy, in any case), we have secxxx several factors conspiring, som,e towards an increase in price level, some against. There is nothing which says that a priori (for you Latin snobs out there) that a "healthy, productive economy" will experience deflation or price constancy.
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Path: arc1-ca.pugleaf.net!sparky!uunet!usc!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: <2527@blue.cis.pitt.edu> Date: 26 Jan 93 09:48:43 GMT References: <38299@uflorida.cis.ufl.edu> <2104@blue.cis.pitt.edu> <38387@uflorida.cis.ufl.edu> Sender: news+@pitt.edu Organization: University of Pittsburgh Lines: 11