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Post by Tamrin on Jan 17, 2012 16:27:42 GMT 10
The printing of large amounts of currency for which there is no backing. An increase in the money supply (with or without backing) is usually the main factor. Basically vendors will charge whatever people will pay: Basic and inflexible commodities (e.g., petrol) can be manipulated by monopolies and trusts or impacted by scarcities. BTW, speculation aside, the backing of a currency is its economic base (what it will buy) not some single, speculation ridden standard (e.g., gold).
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Post by Tamrin on Jan 17, 2012 16:37:05 GMT 10
If that were the case then intervention in the form of the printing press would be a silent confiscation would it not? Or silent taxation (like bracket creep) by governments (military adventures need to be paid for somehow).
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Post by brandt on Jan 17, 2012 17:15:46 GMT 10
I will charge whatever I can get away with. There is no force or hidden inflation there. What it will buy is initmately linked to supply and demand of the money. When the money "grows on trees" then its value declines.
You and I may agree on the inherent moral and economic flaw in the military adventures.
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Post by Tamrin on Jan 17, 2012 17:38:53 GMT 10
I will charge whatever I can get away with. There is no force or hidden inflation there. Even if it involves price fixing of inflexible commodities?
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Post by brandt on Jan 18, 2012 1:10:43 GMT 10
How is one person charging whatever they can get away with "price fixing?"
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Post by Tamrin on Jan 18, 2012 9:43:12 GMT 10
How is one person charging whatever they can get away with "price fixing?" Did I say "one person" ? I did say monopolies and trusts.
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Post by brandt on Jan 18, 2012 12:36:27 GMT 10
How is one person charging whatever they can get away with "price fixing?" Did I say "one person" ? I did say monopolies and trusts. "Even if it involves price fixing of inflexible commodities?" Where is that?
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Post by Tamrin on Jan 18, 2012 13:36:28 GMT 10
"Even if it involves price fixing of inflexible commodities?"
Where is that?
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Post by brandt on Jan 18, 2012 15:04:21 GMT 10
Do you think that the Keynesian government actor is responsible for that?
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Post by Tamrin on Jan 18, 2012 16:21:26 GMT 10
Do you think that the Keynesian government actor is responsible for that? Ideological phraseology aside, I'd say not by commission, only by omission of legislation &/or its enforcement.
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