I thought he meant that inflation is always and everywhere a monetary phenomenon. So you agree that inflation can only occur in an economy with money?
I was using the mainstream definition of "an overall increase in the price level". Do you prefer some alternate definition.
Instead of waxing-eloquent, try to be more simply precise. You are proposing theories that differ greatly with economic reality of our times. The factual data will upset your theories each time. The nature of economics is that there's not much mystery about the numbers. They are clear, factual evidence of what is happening. Because economics is a science and not an art ...
In economics, the data-numbers will show clearly if there is inflation or not. No ifs, ands or buts about it. Period ...
Why do you keep ignoring what I said, as if you didn't understand it? I clearly explained how there could be a big inflationary effect without it clearly showing up in the data-numbers. You weren't able to understand that?? I'm sick and tired of these stupid semantic arguments that arise in economic debates, I think they call them equivocation fallacies. One person writes the words, and someone else takes a subtly but critical different meaning from them, which makes the logic in the whole discussion completely fall apart. "Inflation" can still happen without there being an overall "inflation" effect, since we are not talking about exactly the same type of "inflation". You make this very tedious for me. Just like sugar can still cause weight gain even if the person eating that sugar ended up losing weight that month. If you want to mathematically quantify this (I am assuming you don't), you can break it down into intervals. It is possible to both add, and still overall subtract, two quantities at the same time, without the addition showing up, since the addition can be spread over infinitely many virtually infinitely small intervals. So it can be proved that the two are equivalent.
I've noticed how these threads inevitably tend to degrade into inane one-line posts, and petty bickering, without any meaningful discussion.
The cost of money is the interest paid when borrowing money. At 5-6% rates they won't effect property sales. Home prices are basically determined by supply and demand...not by current interest rates. Lower interest rates don't allow banks to make loans at higher risks? The person applying for the loan must qualify for the loan no matter the interest rates. Interest rates will only effect monthly payments...not allow banks to more easily 'lend out money'.
As long as you recognize they are passing nationwide policy (that affects all Americans) based on beliefs and understandings of how the economy works that are diametrically opposed to your own.
And yet you totally disagree with them. Or maybe you trust them despite having no idea what they think.
The only place to get the real numbers : https://chapwoodindex.com/ Anything else, especially coming from OUR Criminal Federal Reserve, Politicians, or Investment Bankers is a Farce at Best.
This happens a lot for us LAYMAN when chatting with way higher education. Most which want to use WHAT WAS... History... as if we are under the same economic foundation we used From 1940s - 1985. Everything changed and so little of what was, is the same today...
Heck, maybe we could try Communism again. Things would probably be so different today than they were back then...
We dont need Commy, nor Socialism, nor the Trump Fascism. We need what we had. Unfortunately we cant get it without regulations on the Rich. The Rich after swindling Reagan, Bush, and Clinton, now have all the media corps. the bank, the FED, the politicians in their Pockets. Going to get way way worse over next 10 years, then some type of revolution while the billionaires pack their bags and are forced from the country. Or you build a house way out with superb protection. Even then, you have to come out sometime and people with guns will be waiting...
