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<p>[QUOTE=&quot;Bluesboy65, post: 1095904, member: 23329&quot;]What you are addressing is the impact of the velocity of money on consumer prices.&nbsp; Velocity is influenced by monetary policy but is ultimately determined by market activity.&nbsp; So we may disagree on this one but I would stick with my definition of inflation and believe that velocity belongs in the price inflation side of the equation.&nbsp; Regardless of all this hair splitting (but excellent discussion) we do agree that velocity is a key component in inflationary/deflationary pressure.[/QUOTE]</p><p><br /></p>

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