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To: Toddsterpatriot
Please show me the formula that turns M3 growth into inflation.

Ah, sorry, as I see it, the growth of the money supply *is* the inflation rate.

Price stability is an entirely different matter. The effects of inflation on prices are neither instantaneous or homogeneous nor predictable in my opinion which is one of many reasons the politburo should not be trying to to manipulate the economy on its estimation of the literally chimerical price level.

58 posted on 09/29/2005 7:12:59 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
Ah, sorry, as I see it, the growth of the money supply *is* the inflation rate.

So if you were in charge, instead of the politburo attempting to centrally manage and manipulate the economy, the ideal money supply would remain constant? Are you saying M3 growth equals (true, Adam Selene, not fake politburo)CPI growth?

60 posted on 09/29/2005 7:18:59 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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