Bonam Posted October 14, 2011 Report Share Posted October 14, 2011 Inflation is entirely an increase in the money supply. The result of an increased money supply is an increase in the general price level. Yes, including the price of labor. That's my whole point. If everything is inflating uniformly it has no real effect. If some things are increasing in price while others are not, something else is happening besides just inflation. Quote Link to comment Share on other sites More sharing options...
Pliny Posted October 16, 2011 Report Share Posted October 16, 2011 Yes, including the price of labor. That's my whole point. If everything is inflating uniformly it has no real effect. If some things are increasing in price while others are not, something else is happening besides just inflation. It would be nice if it were uniform but it isn't, some can keep up and some lose ground, the very necessity to work towards uniform increases is indicative of the fact it is an effort and concern for the majority. Eventually inflation will run away, in the form of government spending more and more coupled with the economy's inability to support it - which is saying the government is extracting as much as it can with out completely crippling the economy. Quote Link to comment Share on other sites More sharing options...
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