Comments on: 0117 Free Minds TV July 10, 2009 http://freekeene.com/2009/07/11/0117-free-minds-tv-july-10-2009/ Peaceful Evolution Thu, 09 Feb 2012 09:24:39 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Brent http://freekeene.com/2009/07/11/0117-free-minds-tv-july-10-2009/comment-page-1/#comment-80569 Brent Sun, 12 Jul 2009 15:07:46 +0000 http://freekeene.com/?p=2608#comment-80569 At about the 20 minute mark in the show you guys were discussing inflation and you mentioned that we really haven't seen inflation yet. The strict Austrian free market definition of inflation is an increase in the money supply, so in fact we have seen inflation. An increase in the money supply doesn't necessarily show up immediately by increasing the price of goods and services. I think it is very important not to confuse the definition of inflation with an increase in prices. This is the definition the Federal Reserve tries to use in order to confuse people and hide the fact that they are the ones who directly cause inflation by their increase in the money supply. At about the 20 minute mark in the show you guys were discussing inflation and you mentioned that we really haven’t seen inflation yet. The strict Austrian free market definition of inflation is an increase in the money supply, so in fact we have seen inflation. An increase in the money supply doesn’t necessarily show up immediately by increasing the price of goods and services.

I think it is very important not to confuse the definition of inflation with an increase in prices. This is the definition the Federal Reserve tries to use in order to confuse people and hide the fact that they are the ones who directly cause inflation by their increase in the money supply.

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