surcharge/precursor of INFLATION

John M. Formsma jformsma@dixie-net.com
Thu, 9 Mar 2000 05:45:04 -0600


Willem and Bob B,

I was wrong about this definition of inflation, and you fellas were right
on. Oops! Sorry for displaying my ignorance. :-)

<< I thought inflation was the result of excess paper money which devalues
the
 currency unit.  >>

A textbook def of inflation is: "The rate of upward movement in the price
level for an aggregate of goods and services."

Hey, if inflation occurs, do you think they will blame it on us piano
tuners? I mean, we have so much to do with the economy. <grin>

John Formsma
Blue Mountain, MS



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