dude i did take macro econ class in first year university ages ago..i aced it as a matter a fact. i may not remember much of it, but i do remember that inflation has more than one cause and one of its causes is interests rates. im no expert, but it seems your understanding of economics is simplistic.

I also talked about Gold back then as being the only stable currency at the moment.

BO and crew all laughed and called me shill. Where is gold now? All time high's. Where is the economy now? In the toilet.

I don't remember the author of the study; but he embedded himself with one of those cults that predicted the world would end at some date etc. That date came and went. The author wrote that contrary to popular belief; instead of the world not ending having an effect of wrecking the morale of the cult; it actually made them stronger in their beliefs. He explained that most of these people had sold their homes etc; this was all that they knew. And when it was threatened by the facts of reality; they had two choices; 1. come to the realization that they were wrong and had wasted much of their lives or 2. Believe that god only postponed the end and start preparing for the new date which was 10 more years away.

Wake up! Before it's too late.

I've worked in finance for 3 years. I've day traded profitably over 7 years.

I think I have a little bit more then a 101 class under my belt; but thanks for calling into question my knowledge of my own career.

Inflation is always and everywhere a monetary phenomenon.
—Milton Friedman, Wincott Memorial Lecture, London, September 16, 1970

I see your 101 and I raise you a legend in economics.

(oops string bet)

your a software engineer not an economist...i'm just saying that in university they teach us that interests rates affect inflation, which calls into question your earlier assertion that inflation is determined solely by the money supply.

interests rates are monetary; they are monetary policy. thanks milton!!

And fyi; interest rates as set by the fed are only a method of expanding or contracting money supply. So technically you are even agreeing with me without be aware of it.

But beyond that; I know your motive is to disagree; so bring it on.

We need to meet soon so I can kick you in the balls :p

I acknowledge I'm mostly ignorant about economics. You, however, pretend to be an expert and admit no lacunae in your knowledge. You might want to sometimes step back and consider whether in fact its possible you don't know everything and that sometimes maybe you might be wrong.