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Article #1779

Re: Inflation

#1779
From: William B Dwinnell
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>
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