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> I don't know if this opposes what Allan was saying < Nathan is under the impression that economic growth can occur without any inflation. Why I started on velocity was to point out that increased economic activity will feed inflation regardless the grip on the quantity supply; this on top...
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Xevec, Whoever it is that you are speaking to here is feeling personally attacked and insulted, which does not lead to a positive environment of mutual pursuit of truth. The author seems to be striving to find points upon which to disagree with you, which is typical of defense. The truth is, I think...
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I will concede that P does not necessarily increase if V does, but that P tends to rise all other things being equal, due to demand rising. This must be the case. If demand rises, P must tend to rise also. Other factors may negate the actual rise in P, but none the less, the tendancy is there. [quote...