tag:blogger.com,1999:blog-2761684730989137546.post2900077739073847373..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Repeated Loudly and Often Enough, a Self Deception Becomes Accepted Truth?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2761684730989137546.post-50257656853019119552012-09-19T14:35:40.737-04:002012-09-19T14:35:40.737-04:00"Inflation" functions as a bogeyman aka ..."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."Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-31144683843115224132012-09-19T14:25:27.216-04:002012-09-19T14:25:27.216-04:00"Seems like no 2 people use the same, semanti...<i>"Seems like no 2 people use the same, semantic definition for "inflation,""</i><br /><br />Notice that "inflation" is always and everywhere an "avalanche" phenomenon. The slightest change to the status quo is feared will trigger this runaway inflation. paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.com