Thursday, February 26, 2009

My def of inflation

i realized that a lot of economist have different definitions of inflation so I am going to clarify:

my def. of inflation = too much money chasing too few goods. We are creating a trememdous amount of money supply but the supply of goods is definitely decreasing rather sharply especially with every company in the world cutting production. I don't now how there isn't going to be inflation.

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