Minnow
Well-known member
As usual, KD has most, if not all of this cause and effect thing crystallized in a few paragraphs.
Retail Sales: Inflation? in [Market-Ticker]
Read the last paragraph from the blog carefully... "But expansion of the money and credit supply does not imply the ability to control where the inflation in prices appears."
Three guesses where that inflation is showing up and the first two don't count.
Retail Sales: Inflation? in [Market-Ticker]
Read the last paragraph from the blog carefully... "But expansion of the money and credit supply does not imply the ability to control where the inflation in prices appears."
Three guesses where that inflation is showing up and the first two don't count.