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View Full Version : Frickin page 14 of Chapter 1 in my economics textbook




NoLimit
01-23-2008, 07:37 PM
Principle 9: Inlfation is caused by increase in the money supply.

The textbook was written by George Bush's FORMER chief economic advisor, now i see why he isn't the advisor anymore

BillyFromPhilly
01-23-2008, 07:59 PM
Principle 9: Inlfation is caused by increase in the money supply.

The textbook was written by George Bush's FORMER chief economic advisor, now i see why he isn't the advisor anymore

Should make for a lively discussion with your econ prof when you point out how Ludwig von Mises defined inflation - Inflation, an increase in money and credit (http://oll.libertyfund.org/?option=com_staticxt&staticfile=show.php%3Ftitle=1887&chapter=109629&layout=html&Itemid=27)