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  1. #11
    Player Tiggy's Avatar
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    Aug 2013
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    2,645
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    Tiggy Te'al
    World
    Balmung
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    Marauder Lv 53
    Quote Originally Posted by axemtitanium View Post
    Did you actually read the rest of my post, or did your ego get so bruised by my first sentence that you ran first thing to Wikipedia to the safe nurturing embrace of an encyclopedia than anyone can edit?
    I read every word. Did you have a such a problem with the response that you have to swing back to insults? You don't understand inflation in it's fullest. What I posted shows that. Accept it and move to a better argument. Lashing out at me won't edit that page and change that aspect of inflation.

    Quote Originally Posted by axemtitanium View Post
    Wikipedia to the safe nurturing embrace of an encyclopedia than anyone can edit?
    That doesn't make what it said in that quote any less accurate. You're just saying that as scapegoat because you don't want to accept it.

    Let's go further shall we? How about Forbes?

    http://www.forbes.com/sites/johnthar...ses-inflation/

    Inflation is simply a rise in the average price of goods and services in the macroeconomy. Which particular goods and services depends on the measure we are examining. Consumer price inflation is the one usually in the news, and it takes a weighted average of various items purchased by the typical household (the list being determined by survey and then updated periodically). The average can rise while some prices have actually fallen, and how much it reflects your personal situation is a function of how closely the basket of goods and services in the index matches your buying patterns. But, the bottom line is that we say that inflation has occurred when the average price of those goods and services has increased.
    So it seems it's not just the wiki that understands inflation isn't just about minting money. It's literally about the price of goods and services increased. Lowering our buying power.

    Whew. It's a good thing more places exist in the world as references other than Wiki right. Or are you going to lash out at forbes now?

    For everyone else. That article was a pretty good read. I recommend it. He goes on to detail other inflation causes other than minted money.
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    Last edited by Tiggy; 03-06-2015 at 02:07 AM.