Re:The ballooning money supply may be the key to unlocking i...
by RobertoG on Tuesday October 13, 2020 @04:14PM
(#24769817)
That's not my point. My point is that if we don't agree in a definition of inflation, how can we have a rational discussion? And there is a clear textbook definition of inflation.
Re:The ballooning money supply may be the key to unlocking i...
by dnautics on Tuesday October 13, 2020 @07:11PM
(#24771385)
Right but that definition has drifted. That's not necessarily a problem in and of itself but in the process of drifting in this case it has obscured the original definition, which now is orphaned without a label. The problem therein is that it's left the discourse; since the subject of the old definition is more likely to precede and be a cause of the subject of the new definition, it seriously muddies the discourse and arguably the modes of thinking about the solution.
Suppose the government defined "eastern time zone" to be a geographical area. And you live in western indiana, and commute to work in chicago.
Suppose the government defined "torture" to not include "waterboarding".