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I'm not modded down... by "inflation" I mean "increase in prices", = price inflation as opposed "greater monetary availability" = monetary inflation You can'
by david927 15y ago
I'm not modded down...
by "inflation" I mean "increase in prices",
= price inflation
as opposed "greater monetary availability"
= monetary inflation
You can't control price inflation/deflation, you can only control monetary inflation.
It doesn't matter why the banks don't want to lend, the point is, Bernanke's plan can't work until they do. (But let's be honest: it won't work in any case.)
- jamieb 15y agoYou can't control price inflation/deflation, you can only control monetary inflation. I disagree. Gas prices go up when the dollar drops (not the only reason, but a guaranteed one). Make the yuan and the yen vastly more expensive, or just block imports at the port, and prices will go up. Maybe even to the point where it will be cost effective to pay americans to make them.