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<p>[QUOTE=&quot;medoraman, post: 964795, member: 26302&quot;]Sorry that I am not clear, or that you believe I need to take an economics class. Its kind of sad since I used to teach macro and international econ at the graduate level. I won&#039;t argue. I understand Clouds point of monetization of the inflationary pressures, but simply point out to the incredible monetization measures done in Japan in the 1990&#039;s and the fact deflation was still persistent. In his argument the monetization would have instantly created inflation, but it didn&#039;t. The monetization of a central bank is not the only monetization in effect, the more important monetization is consumers willingness to spend, and their view of the economy.</p><p><br /></p><p>I really didn&#039;t mean to have the last word Cloud, you can say what you wish. I just wanted to apologize if I have been unclear, or if you believe I am just wrong.</p><p><br /></p><p>P.S. Xtronic, look up CPI and see how it is calculated. This is the official measure of consumer inflation in this country. This is how everything you buy, all supply/demand curves combine to be an inflation reporting measure. Like I said, I believe its underreported, but it is still the basic measure of consumer inflation.[/QUOTE]</p><p><br /></p>

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