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 Post subject: Still trying to write stuff for your earlier post!
PostPosted: Thu Mar 02, 2006 8:12 am 
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KirimaNagi wrote:
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Erm, current US inflation rate is 3.99% right? If so, it's just within what has been considered acceptable levels since umm... the early 1990s at least.

Actually, the "official" U.S. inflation rate as currently reported and used for statistics is only the "core" rate which excludes "voltatile" elements such as food and energy. It also improperly accounts for housing costs and other items. However, actual inflation generally exceeds the core rate, and in fact has done so for the past 39 months straight. The current "real" inflation rate including all elements is closer to 9-10%. :o

This is why I distinguished between inflation-adjusted currency and purchasing power in my reply to Thinman.

Ah. This is going to make it a lot harder to have a sensible debate, because almost any statistical evidence I provide, you're going to say something like, "Lawlz government lies," and any statistical evidence you provide, I'll end up saying something akin to "Lawlz, Austrian school naysayer."

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And to make things worse, the U.S.Gov has said it will no longer report M3 after this March. This is a creating a stir in economic circles because M3 is the broadest measure of money supply and has been growing at double digits for some time now. Essentially, the government does not want anyone to know how much it is inflating the money supply.

I concur that it's a bad plan, but I beg to differ on the reasons that it's bad. They don't really fall within the scope of this debate. :D


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PostPosted: Thu Aug 02, 2007 2:50 pm 
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