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To: Toddsterpatriot
Always Right did a nice curve fit using this formula with k~8%.

I object to this formula as it has no predictive value.

I'd prefer to just use the empirical data offered here

As you can see 10 years ago m3 stood at 4576 and today it is 9874, roughly an 8% per year growth.

53 posted on 09/29/2005 6:48:12 PM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
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To: AdamSelene235
As you can see 10 years ago m3 stood at 4576 and today it is 9874, roughly an 8% per year growth.

I believe you when you said M3 grew at 8% a year. I asked you what inflation rate was caused by that 8% M3 growth rate. You said 8%.

Please show me the formula that turns M3 growth into inflation. Thanks.

55 posted on 09/29/2005 6:59:56 PM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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