Quote from: Etlase2 on December 05, 2013, 05:36:48 AM

Quote from: kjj on December 05, 2013, 04:42:03 AM

Just FYI, you are a gigantic tool. I really need to stop showing your posts, you are on ignore for a reason.

Some people use the term inflation differently than you. Get over it.

Just an FYI, the definition you linked to is this: "The term 'inflation' originally referred to increases in the amount of money in circulation", which is not the definition espoused in this thread--an "increase in the money supply". There is a significant difference, but people like you and the OP of the other thread fail to see the distinction whereas I have pointed this out on many occasions.

Pointing out the rampant intellectual dishonesty around here may make me a tool, but at least I'm not the nail.

PS - Nice how you ignored my point where deflation has never meant a decrease in quantity of money, yet it is used around here to mean such nonsense.

Dishonesty... I'm not sure you are using that word correctly. It does not mean "disagrees with me".

Many people would argue that as far as economics is concerned, "supply" is shorthand for "apparent supply", which is more or less the same thing as saying "in circulation". As far as markets are concerned, the dollars under your mattress, for example, do not exist, or exist only tangentially. So, the two terms are not exactly synonyms, but the overlap is such that most people will feel free to use them interchanably. If you'd like to debate the appropriateness of that imprecision, that's one thing. Calling people dishonest for failing to adopt your peculiar and precise definitions is an example of why I call you a tool.

Your PS is silly. People use "inflation" to mean either "increase in quantity of money" or "increase of prices". The inverse terms are "deflation", "decrease in quantity of money" and "decrease of prices". If we have offended you by failing to use one of those terms sufficiently, we apologize for the oversight.