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RE: scarcity of a critical product does not cause inflation. It

Posted on: August 15, 2024 at 14:39:18 CT
KC rules MU
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Inflation: a general increase in prices and fall in the purchasing value of money.

I disagree with the notion that inflation is an increase in the supply of money. That is one cause of inflation.

The scarcity of a product can indeed bring about a general increase in the prices of goods. Oil has done that on several occasions.
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Who on this board believes the inflation under the - Sal CMSU - 8/15 12:00:10
     They certainly are a big factor. (nm) - go tigers MU - 8/15 20:37:00
     i don't, but if I were a Dem and did, I'd stop trying to - 90Tiger STL - 8/15 14:13:00
     So so many things - meatiger MU - 8/15 13:57:25
     inflation has no one "the fault" - JG MU - 8/15 13:37:58
          What are corporations gauging to cause inflation? - Sal CMSU - 8/15 13:38:57
               I wonder why a mad man's posts - Wildcat KSU - 8/15 13:40:29
               gauges - JG MU - 8/15 13:40:20
                    This qualifies more as a "straw man" than any time you've - MIZ45 MU - 8/15 14:07:57
     Who on here believes that it was the result of anything - ummmm MU - 8/15 13:07:29
          everybody with an understanding of inflation - JG MU - 8/15 13:54:06
               ....this is where you give him a proper understanding - MIZ45 MU - 8/15 14:08:47
          Rapid expansion of the money supply in the hands of consumer - BH O'bonga MU - 8/15 13:12:39
          according to the responses - Sal CMSU - 8/15 13:08:01
     That is a stupid notion presented by ignorant - 4TigersinMichigan MU - 8/15 13:05:39
          Thankfully - meatiger MU - 8/15 14:05:34
          4tigsiny. correct but 4tigsiny - JG MU - 8/15 13:54:52
     RE: Who on this board believes the inflation under the - MOCO SON MU - 8/15 13:02:14
          So you are saying that a supply crisis can drive inflation? - KC rules MU - 8/15 13:36:12
               RE: So you are saying that a supply crisis can drive inflation? - MOCO SON MU - 8/15 13:41:26
                    RE: So you are saying that a supply crisis can drive inflation? - KC rules MU - 8/15 13:42:57
                         RE: So you are saying that a supply crisis can drive inflation? - MOCO SON MU - 8/15 13:47:19
                              RE: So you are saying that a supply crisis can drive inflation? - KC rules MU - 8/15 13:50:08
                                   RE: So you are saying that a supply crisis can drive inflation? - MOCO SON MU - 8/15 13:52:57
                                        RE: So you are saying that a supply crisis can drive inflation? - KC rules MU - 8/15 13:57:51
                                             scarcity of a critical product does not cause inflation. It - 90Tiger STL - 8/15 14:26:43
                                                  RE: scarcity of a critical product does not cause inflation. It - KC rules MU - 8/15 14:39:18
                                                       False. Inflation is an increase in the supply of money (fiat - 90Tiger STL - 8/15 14:44:44
                                             RE: So you are saying that a supply crisis can drive inflation? - MOCO SON MU - 8/15 14:24:43
                                                  I was speaking primarily about supply and demand and impact - KC rules MU - 8/15 14:45:40
     Partially, but not majoratively(nm) - AWOLTiger KC - 8/15 12:50:09
          Explain the corporate part...........nm - tigertix MU - 8/15 12:55:04
               Poor management - AWOLTiger KC - 8/15 13:05:30
                    Thanks, makes sense...had forgotten about that waste fraud - tigertix MU - 8/15 13:47:15
     worldwide or just in the U.S.? (nm) - KCT-BoneTiger MU - 8/15 12:35:52
     RE: Who on this board believes the inflation under the - sarasotatiger MU - 8/15 12:28:06
          They shouldn't be meddling with any of it (nm) - Sal CMSU - 8/15 12:29:36
     RE: Who on this board believes the inflation under the - KC rules MU - 8/15 12:14:49
          seems like you left out the largest issue (nm) - Sal CMSU - 8/15 12:21:21
               RE: seems like you left out the largest issue (nm) - KC rules MU - 8/15 12:37:23
                    "didn't help" ... no they were the main driver (nm) - Sal CMSU - 8/15 12:38:00
                         RE: "didn't help" ... no they were the main driver (nm) - KC rules MU - 8/15 12:39:04
                              dude, printing fiat currency = inflation (nm) - 90Tiger STL - 8/15 14:15:32
                              maybe not, but he's correct in this case (nm) - Sal CMSU - 8/15 12:40:21
                                   RE: maybe not, but he's correct in this case (nm) - KC rules MU - 8/15 12:45:23
                                        and? (nm) - Sal CMSU - 8/15 12:47:32
                                             He answered everything... - Gyro STL - 8/15 12:56:37
                                                  He's refusing to blame the gov't - Sal CMSU - 8/15 12:57:55
                                                       RE: He's refusing to blame the gov't - KC rules MU - 8/15 13:08:55
                                                            During COVID I argued with Sal multiple times... - Gyro STL - 8/15 13:13:49
                                                                 I never once said some businesses wouldn't - Sal CMSU - 8/15 13:16:01
                                                                      No, you blamed the government for ruining many businesses... - Gyro STL - 8/15 13:20:35
                                                                           The gov't ruined plenty of businesses - Sal CMSU - 8/15 13:21:07
                                                                                I'm not going to rehash this argument again (again)... - Gyro STL - 8/15 13:23:13
                                                                                     Again, I never said a business shouldn't close down if they - Sal CMSU - 8/15 13:25:21
                                                                                          You can't read... - Gyro STL - 8/15 13:27:09
                                                                                               The gov't absolutely got in the way - Sal CMSU - 8/15 13:28:29
                                                                                                    CANNOT READ or LYING… - Gyro STL - 8/15 17:05:28
                                                            I have blamed Trump plenty of times for it - Sal CMSU - 8/15 13:09:55
                                                                 RE: I have blamed Trump plenty of times for it - KC rules MU - 8/15 13:17:25
                                                                      it's not really that complicated (nm) - Sal CMSU - 8/15 13:18:38
                                                                           It's not a simple response - KC rules MU - 8/15 13:23:46
                                                                                inflation =/= price increases . Now, go rethink this - 90Tiger STL - 8/15 14:16:40
                                                                                     Your definition is somewhat archaic. - KC rules MU - 8/15 15:04:22
                                                                                          No, it's the definition. price increases is not "inflation" - 90Tiger STL - 8/15 15:09:42
                                                                                               That's the way the world defines it. If you want to define - KC rules MU - 8/15 15:14:58
                                                                                                    no, your position makes no sense because you - 90Tiger STL - 8/15 19:10:39
                                                                                                         I get that an increase in the supply of money can cause - KC rules MU - 8/15 19:37:46
                                                       Well he didn't blame the government because... - Gyro STL - 8/15 13:02:07
                                                            He didn't want to blame the current admin - Sal CMSU - 8/15 13:03:20
                                                                 You wanted him to do that and he didn't... - Gyro STL - 8/15 13:04:15
                                                                      lol I'm not mad at all - Sal CMSU - 8/15 13:05:43
                                                                           You're certainly extremely intimidating... - Gyro STL - 8/15 13:10:38
                                                                                I never said I was intimidating (nm) - Sal CMSU - 8/15 13:12:15
                                                                                     Yeah I was being ironic(nm) - Gyro STL - 8/15 13:14:45
                                                                           funny - KC rules MU - 8/15 13:09:59
                                                                                I'm not (nm) - Sal CMSU - 8/15 13:10:25
     When was the Harris Admin? you confusing that with - raskolnikov MU - 8/15 12:05:29
          Yeah and if that happens Trump and the Right Wing Media... - Gyro STL - 8/15 12:58:57
               So in the end the gov't has no impact on inflation? - Sal CMSU - 8/15 13:00:36
                    So you've made a rule out of an example? - Gyro STL - 8/15 13:05:35
                         Did the Biden admin have a negative impact - Sal CMSU - 8/15 13:06:41
          Stupid articles(nm) - Spanky KU - 8/15 12:56:11
          Some of those record profits are from the Big Government - JeffB MU - 8/15 12:11:43
               RE: Some of those record profits are from the Big Government - sarasotatiger MU - 8/15 12:33:12
                    The size and the scope of the federal government was - JeffB MU - 8/15 14:36:33
               Got through half of that, then burst out laughing(nm) - raskolnikov MU - 8/15 12:15:13
                    That is undoubtedly due to the cognitive dissidence you - JeffB MU - 8/15 14:38:24
                    Sudden and maniacal outbursts - Wildcat KSU - 8/15 12:16:41
          Why wouldn't she want to take credit for her role? - Th8tnTiger MU - 8/15 12:09:44
               Where is she doing that? That had a great admin, though - raskolnikov MU - 8/15 12:18:33
                    ROFLMAO - why isn't she running on Bidenomics then? - Reagan STL - 8/15 12:36:04
                    had? so she is in charge now? (nm) - Sal CMSU - 8/15 12:20:54
                    Are you saying - Wildcat KSU - 8/15 12:19:52
               but also take credit at the same time - Sal CMSU - 8/15 12:10:39
          Biden is no longer with us so it's her admin - Sal CMSU - 8/15 12:07:57
               He's still President I think Sal... - Gyro STL - 8/15 12:57:39
                    He's not mentally fit enough to be POTUS again - Sal CMSU - 8/15 12:58:45
                         You don't understand the difference between serving... - Gyro STL - 8/15 13:00:18
                              Use your eyes and brain instead of your partisan talking - 90Tiger STL - 8/15 14:18:41
                              Gotcha ... he's mentally fit right now - Sal CMSU - 8/15 13:01:29
                                   I'd explain the concept of nuance to you but that... - Gyro STL - 8/15 13:03:29
                                        I'd gladly make this argument in public - Sal CMSU - 8/15 13:05:21
                                             I think people might bring up to you the concept... - Gyro STL - 8/15 13:08:06
                                                  How is it complicated? - Sal CMSU - 8/15 13:09:23
               Be a fool all you want boy(nm) - raskolnikov MU - 8/15 12:08:31
                    Do you think corporations just all suddenly decided to - MIZ45 MU - 8/15 12:09:17
                         And if so, why did they just become greedy once Joey - Wildcat KSU - 8/15 12:15:47
                    Do you agree with her proposal for price controls? (nm) - Sal CMSU - 8/15 12:09:04
     Some corporations bear some of the responsibility, or at - JeffB MU - 8/15 12:05:17
          "big government liberals" - meatiger MU - 8/15 13:51:00
          RE: Some corporations bear some of the responsibility, or at - sarasotatiger MU - 8/15 12:34:53
          RE: Some corporations bear some of the responsibility, or at - JayHoaxH8r MU - 8/15 12:28:52
               DJT's policies do bear some of the responsibility, no doubt. - JeffB MU - 8/15 15:42:44
     RE: Who on this board believes the inflation under the - MIZ45 MU - 8/15 12:04:08
          lol kudos to him for responding - Sal CMSU - 8/15 12:05:01
               Yep, I'm surprised he hasn't taken me up on my offer to - MIZ45 MU - 8/15 12:07:35




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