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Re: Re: Fifty Year Ago Cost
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Posted by Steve from Mo - worse tha on February 25, 2004 at 11:55:18 from (168.166.54.11):
In Reply to: Re: Fifty Year Ago Cost posted by Bill Smith on February 25, 2004 at 11:22:21:
It's not the printing of money that causes inflation. At least not by itself. Money supply is measured indirectly through the federal reserve system, counting deposits. Soooooo, there's a lot more "money" out there, many times more, than there are paper bills out there. The government sort of gets to say how much money it has without even bothering to print it. Great system, huh?
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