tag:blogger.com,1999:blog-9920323.post1504005016517737240..comments2023-05-25T01:35:46.729-07:00Comments on Bob Brinker Fan Club Blog: Bob Brinker Moneytalk Recap: Saturday Dec 15, 2007Kirk Lindstromhttp://www.blogger.com/profile/08907286927383718834noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-9920323.post-65994498546593071792007-12-26T14:47:00.000-08:002007-12-26T14:47:00.000-08:00"I gotta disagree partially with Kirk, one is bad ..."<I>I gotta disagree partially with Kirk, one is bad for the long term and the other (if govt doesnt restrain the markets) is temporary and fixed by increased supply. In the case of energy supply, it is currently restrained by govt or we would have for example, more oil drilling and nuke plants.</I>"<BR/><BR/>Good point and I admit I was using a bit of hyperbole and gross over simplification to Kirk Lindstromhttps://www.blogger.com/profile/08907286927383718834noreply@blogger.comtag:blogger.com,1999:blog-9920323.post-69365371851280627032007-12-26T13:44:00.000-08:002007-12-26T13:44:00.000-08:00EXCELLENT point by Andrew: big difference between...EXCELLENT point by Andrew: big difference between monetary devaluation caused inflation and demand caused inflation. With demand, only certain items increase in price and others get cheaper since the money supply remains the same. $$ devaluation = higher prices for EVERYTHING if your incomes do not keep pace! <BR/><BR/>I gotta disagree partially with Kirk, one is bad for the long term and theRedironhttps://www.blogger.com/profile/06017557074168402816noreply@blogger.comtag:blogger.com,1999:blog-9920323.post-14681838542736706112007-12-26T06:43:00.000-08:002007-12-26T06:43:00.000-08:00Thanks for your comments but it seems you missed t...Thanks for your comments but it seems you missed the part where I said Brinker has done an about face and now correctly states the direct link between higher prices and inflation.<BR/><BR/>"<I>It also depends on what you define as "inflation" and "inflationary." </I>"<BR/><BR/>There is no need to make up new definitions for ones that have worked quite well and most people understand. <BR/><BR/>Kirk Lindstromhttps://www.blogger.com/profile/08907286927383718834noreply@blogger.comtag:blogger.com,1999:blog-9920323.post-68316405920799497102007-12-26T00:28:00.000-08:002007-12-26T00:28:00.000-08:00I think what Bob is implying is the difference bet...I think what Bob is implying is the difference between cost-push and demand-pull inflation.<BR/><BR/>Bob pretty much holds to the academic macroeconomic view. I don't agree with him on a lot of it, but I tend to agree here.<BR/><BR/>Why I can agree with his conclusion and not with his reasoning is because he and I end up at the same place. It also depends on what you define as "inflation" and "Unknownhttps://www.blogger.com/profile/07934361131104599864noreply@blogger.comtag:blogger.com,1999:blog-9920323.post-39897050726119015062007-12-25T11:37:00.000-08:002007-12-25T11:37:00.000-08:00Good post, Kirk. I've often wondered what was so ...Good post, Kirk. I've often wondered what was so special about rising oil prices as a restraint to inflation. I wondered why you couldn't say the same thing about rising food prices, or any consumer necessity. It didn't make sense to me and I am glad to see I wasn't crazy. <BR/><BR/>The only thing I disagree with in your post is your remark about a "dangerous deflationary spiral". Personally,John S.https://www.blogger.com/profile/10212569020032149248noreply@blogger.com