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Internet Message Format  |  1993-01-25  |  1019 b 
  1. Path: sparky!uunet!gatech!udel!darwin.sura.net!bogus.sura.net!howland.reston.ans.net!zaphod.mps.ohio-state.edu!pitt.edu!wbdst
  2. From: wbdst+@pitt.edu (William B Dwinnell)
  3. Newsgroups: sci.econ
  4. Subject: Re: Inflation
  5. Message-ID: <2503@blue.cis.pitt.edu>
  6. Date: 25 Jan 93 22:35:28 GMT
  7. References: <1993Jan23.170436.10269@athena.mit.edu> <1993Jan23.183507.28658@csi.uottawa.ca> <1993Jan24.163821.3459@athena.mit.edu>
  8. Sender: news+@pitt.edu
  9. Organization: University of Pittsburgh
  10. Lines: 9
  11.  
  12.  
  13. There are determinants of inflation other than interest rates. If this were
  14. not the case, than deflation could not occurr while inflationxxxxxx
  15. interest existed. But interest has always existed, and deflation has
  16. appearred, particularly around the great depression, and in the postwar
  17. era. Other things influence inflation, but htexx the point is that
  18. interetst rates generate some inflation, even when that influence is
  19. overshadowed by other things. Eventually, the 2 will settle
  20. somewhere, as people cannot save everything they make.
  21.