0. Where you been hiding? Though we have disagreed sharply about a few things, I certainly think your input is valuable to this forum. Let's see you some more.
1. How do you reconcile these two things. Your position is that if people are hoarding money, then printing more won't create [price] inflation.
But at the same time, you are emphatic that there ixist Cantillon effects, which menas that printing new money will affect the change of prices differently for different goods. So that how can you say with such ease that if people ar ehoarding prices will not go up? Is that not denying the existence of Cantillon effects, saying that all things will keep an unchanged price?
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It's easy to refute an argument if you first misrepresent it. William Keizer