Re: RE: Re: RE: Mommy what's inflation?

["Romain Kroes" <romain.kroes@xxxxxxxxxxxx>]

Jim wrote:
> as indicated by the ';-)' I put in my message, I was joking. The "too much
> money chasing too few goods" cliche, like the "inflation is always and
> everywhere a monetary phenomenon," is true by definition and thus empty,
> useless as an explanation of anything. It begs the question.
>
> In reality, I see inflation as being a result of irreconciliable economic,
> social and political conflicts. -- Jim Devine


Jim, I did not suppose for one moment that you could espouse such a
vulgarity. I just seized the opportunity to criticize this dogma that is
still a very harmful epistemological obstacle.

RK