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The Crash is past. Comes now Inflation. | 60 comments (60 topical, editorial, 0 hidden)
Re: A real problem for Newberry's argument ... (4.00 / 2)
I think that "Profit" - or at least that type of Profit described by Adam Smith as  "Pernicious Gain"  (ie "Rentier" profit) - is one of the two causal mechanisms for inflation, the other being to base of Credit on deficit.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Mon Mar 3rd, 2008 at 06:48:25 AM EST
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The Crash is past. Comes now Inflation. | 60 comments (60 topical, 0 editorial, 0 hidden)
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