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| Thread ID: 104135 | 2009-10-17 22:13:00 | Jan Birkeland | Cicero (40) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 821568 | 2009-10-18 22:52:00 | Well, we've got as far as step one. | R2x1 (4628) | ||
| 821569 | 2009-10-18 23:37:00 | Wonder why they don't put prices up here,then we could all get a wage rise.That's called inflation Cic, it doesn't mean you get a payrise that actually gives you any more buying power :rolleyes:. | Erayd (23) | ||
| 821570 | 2009-10-19 02:12:00 | That's called inflation Cic, it doesn't mean you get a payrise that actually gives you any more buying power :rolleyes:. Inflation is caused by increasing the money supply,not increasing prices. |
Cicero (40) | ||
| 821571 | 2009-10-19 02:38:00 | Inflation is caused by increasing the money supply,not increasing prices.It's actually caused by a lot more than just increasing money supply, although increasing supply (or lowering the required reserve in a fractional-reserve banking system) is certainly one notable cause. Inflation is the change in real economic power of a currency - it doesn't particularly matter what causes it. I wasn't suggesting that increasing prices cause inflation, I was pointing out that they were related. The only way you can get both increased prices and increased wages in a free market is if your currency has positive inflation. |
Erayd (23) | ||
| 821572 | 2009-10-19 05:51:00 | Wonder why they don't put prices up here,then we could all get a wage rise. The above was in response to the below. That's because prices are so high they need high wages |
Cicero (40) | ||
| 821573 | 2009-10-19 19:30:00 | Inflation is caused by blowing something up. | prefect (6291) | ||
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