Economists would have us believe that a mild inflation is desirable for a growing economy? Is it?
As technology improves, the productivity goes up and the cost should come down. Do we not see this in electronic goods? Computers, as an example, are faster and better yet cheaper. Is that not a natural outcome of economic progress? If that is so, why are prices of most other goods continuously rising?
Disclaimer - On stock markets, my views may not be used to make investment decisions. I may or may not hold positions in the market. My views on Economics often contradict the stand of mainstream economists.
Saturday, November 28, 2009
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