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| quote: | Originally posted by DOOMBOT
We aren't seeing the effects of inflation (yet) because much of it is still in bank reserves and has not been circulated through the economy. So you are incorrect about inflation being at 0%, since inflation is the increase in the money supply, which by that chart, obviously isn't at 0%. |
Inflation isn't measured by money supply. It's measured by price indexes, namely, the Consumer Price Index (All Urban Consumers). This is economics 101 and it sucks that we even have to go over this. I am clueless as to how we can further this discussion when you can't even get basic facts right. Anecdotally, prices are for the most part, stable, or slowly falling (i.e. real estate).
Inflation
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
http://www.investopedia.com/terms/i/inflation.asp
The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
http://www.investorwords.com/2452/inflation.html
The overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer Price Index.
wordnetweb.princeton.edu/perl/webwn
A general and progressive increase in prices; "in inflation everything gets more valuable except money"
en.wikipedia.org/wiki/Inflation
In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.
en.wikipedia.org/wiki/Inflation_(a_price_increase)
Asset price inflation is an economic phenomenon denoting a rise in price of assets, as opposed to ordinary goods and services. Typical assets are financial instruments such as bonds, shares, and their derivatives, as well as real estate and other capital goods.
www.morganstanleyindividual.com/cus...ary/Default.asp
Inflation is a persistent increase in prices, triggered when demand for goods is greater than the available supply.
www.statefarm.com/learning/life_sta...re/glossary.asp
The overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer Price Index.
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seriously, i want to hear your response.
No I had nothing to do with it. You did it to yourself, by not even having the requisite knowledge to understand (let alone refute!) what occrider was illustrating. There’s a difference between being a bank’s checkout chick and having a degree in economics and being employed as an economist. And you just showed everyone that perfectly.
