[PRCo] Re: Inflation; Collapse of U.S.A.

[Derrick J Brashear]

On Sun, 21 Dec 2008, Phillip Clark Campbell wrote:

> scenario but let say you get in a bind and
> need more dollars so you
> print up $24 making each apple now
> worth $2. That equals 100%
> inflation. The price of the apple is
> simply an effect of more money
> being circulated. Unfortunately that
> concept is not even taught in many
> prominent universities today."

And even if it was, so what? Enter externalities. The price of oil, for 
instance, which is a large component in so much of the economy, doesn't 
follow "the rules". So it's not just a chart with intersecting curves.