for gold bugs, page-25

C'mon Encore,

You're simply wrong with your definition of inflation/deflation, surely.

You're describing the effects of both, and calling them the cause.

Inflation is very very simply an increase in the supply of 'money/currency' without a corresponding increase in productivity/production.

'Deflation' is the reverse.

Froggy is introducing the simple theory of demand/supply, but that, in itself, can equally relate to the 'production' of 'money'.


Surely that's simple enough?

hmmmmm


dub