At 01:04 AM 07/03/2012 +0100, you wrote: >Despite the very low interest rates inflation does not really exist in the >US. This would appear to contradict Friedman's monetarism which argued that >inflation is a product of loose money. I have noticed that Hayek has been >revived these days as a hammer with which to beat Greenspan. The view that >cheap money is the source of speculation and the kind of sharp practice >performed by WorldCom.
You know, I'm really tired of this low inflation crap. The inflation in housing, equities (till lately), health care, and education has been HUGE. I don't know why it doesn't count. Even groceries have gotten much more expensive. I know that they're using all kinds of shenanigans about equivalent value and such, but really folks! Joanna
