commentary by Roger Erickson
According to some commodity investment advisors, this is ...
How QE3 – Like QE1 and QE2 – Will Trigger Inflation.
Seems like no 2 people use the same, semantic definition for "inflation," but that word triggers the same fear in most, regardless of which definition is used. Let's call it inflated convergence.
I would bet $50 that there's a correlation between financial trades and the frequency of media mention of anything sounding remotely like "inflation."
Some psychology dept somewhere has likely done a test run with some local media outlets - sprinkling a variety of "be-, ce-, de-, fe-, ge- ... on to ze-flations" into ongoing business section articles. Maybe even "zen-flayshun," for those meditating on how to boycott self flagellation!
"Seems like no 2 people use the same, semantic definition for "inflation,""
ReplyDeleteNotice that "inflation" is always and everywhere an "avalanche" phenomenon. The slightest change to the status quo is feared will trigger this runaway inflation.
"Inflation" functions as a bogeyman aka monster under the bed. It's chief use is to "discipline" labor. Ordinary people are made deathly afraid of "inflation," which then becomes a useful tool to convince them to vote against their own economic interests in order to "prevent inflation."
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