What is "inflation"?

来源: worriedmom1 于 2008-07-18 09:43:55 [] [旧帖] [给我悄悄话] 本文已被阅读： 0 次 (388 bytes)
回答: Paul Krugman on housing market outlook 由 miat42 于 2008-07-18 08:53:13
Inflation refers to running up price and wage caused by excessive money supply in any textbook.

Nowaday, price is driven up by high demand of everything, not money supply. So I don't think Fed is able to remedy today's "inflation" by simply playing rate hike or cut.

Gauging housing price with inflation is the way too naive to predict the trend of housing market.

所有跟帖： 

• Inflation == Erosion of money's buying power -miat42- ♂ 给 miat42 发送悄悄话 miat42 的博客首页 (214 bytes) () 07/18/2008 postreply 09:47:49

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