M. G. Devour wrote:
If the dollar keeps getting smaller, why do they call it inflation?
Because the word inflation refers to the money supply. When you
artificially inflate the money supply, then the value of each unit of
that money becomes worth less. The news media has been attempting to
redefine inflation as loss of buying power, but that is the effect of
inflating the money supply, not the cause.
Marshall
<wink>
Mike D.
[Mike Devour, Citizen, Patriot, Libertarian]
[[email protected] ]
[Speaking only for myself... ]
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