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.
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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.