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Old 11-09-2007, 02:15 PM
Zygote Zygote is offline
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Join Date: Jan 2005
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Default Re: Raul Paul Roasts Bernanke

inflation is super easy to measure.

Anytime a new form of credit is created without additional value/savings to account then there will be marginal inflation. Virtually any open market operation on the dovish side qualifies as inflationary.

Prices rising is a symptom of inflation. A rough way to measure this is to place the money system versus a basket of all goods. Try, as best as possible, and deduct productivity increases in individual sections and add productivity losses. Then you also place a much greater weighting to the more efficient markets, like global commodities and foreign exchange, and this will then essentially reflect an up to date assessment of the dollars value versus other assets.
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