When prices fall as a result of rising wealth that's good news But deflation is also good news when it follows the bursting of a financial bubble caused by money creation
Most recent data continue to show a visible acceleration in price inflation, with the yearly growth rate of the US Consumer Price Index (CPI) rising to 6.2 percent in October from 5.4 percent in September and 1.2 percent in October of last yearits highest level since December 1990.
Most experts seem to be surprised by the massive increase in the momentum of the CPI in October. Based on the definition of inflation as increases in the money supply and not increases in prices, the sharp increase in the yearly growth rate of the CPI is predominantly on account of past massive increases in money supply.
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