In reply to Wm. Scott Smith's message of Thu, 14 Apr 2011 15:13:42 -0700: Hi, [snip] >If they immediately have virtually free energy, but no new goods and services >have been already developed, the economy will feel the extra money; this will >cause inflation.
If I understand inflation correctly, then it's when the price goes up without a matching increase in actual value (price may also be the price of labor). However when something actually gets cheaper to produce (energy), then the consequence is real growth, not inflation. Regards, Robin van Spaandonk http://rvanspaa.freehostia.com/Project.html
