Singapore establishment feels threatened by the exercise of democratic rights.

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SteveFoerster
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Re: Singapore establishment feels threatened by the exercise of democratic rights.

Post by SteveFoerster » Wed Dec 27, 2017 10:13 am

Currency inflation and price inflation are not the same thing. The former is only one factor in the latter. Yes, currency inflation is devaluing in the long run, but especially in shorter terms the picture is more like statistics than Newtonian physics.
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SteveFoerster
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Re: Singapore establishment feels threatened by the exercise of democratic rights.

Post by SteveFoerster » Wed Dec 27, 2017 10:15 am

It's also worth noting that there are people who believe that a little currency inflation is a good thing, hence why central banks admit that they do it. Even people generally considered to be on the market side of things, like Milton Friedman, were proponents.
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neverfail
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Re: Singapore establishment feels threatened by the exercise of democratic rights.

Post by neverfail » Thu Dec 28, 2017 12:44 pm

SteveFoerster wrote:
Wed Dec 27, 2017 10:15 am
It's also worth noting that there are people who believe that a little currency inflation is a good thing, hence why central banks admit that they do it. Even people generally considered to be on the market side of things, like Milton Friedman, were proponents.
That's the doctrine our own Reserve out here works from, Steve.

The alternative to mild inflation seems to be deflation - an even bigger bane.

One or the other: nothing remains static.

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