Inflation:
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Inflation is a problem. Resolution of a problem requires four steps: define
probelm, prescribe solutions, organize solvers and motivate solvers.
If any one of the four steps is less than 100% then the final solution will
be less than 100%.
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Consider how inflation gives you money but you have less buying power. Said
another way, more symbols of work time but less substance in work time. In
other words, you work ten hours and 50% inflation reduces the symbols of
your time to have only five hours of work value from other workers. Inflation
stole half of the time that you worked.
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Cheapening key cond
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Part of inflation's problem is using the same word for two different causes:
more money or shortage of products.
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To the different schools of economic thought concerned with inflation, a
new school of thinking is needed that is based on time, a school of timism.
As not only an economic theory but a T.O.E., Timism analyzes things from
a standard universal model of determining the human time value of items over
clock time progression. Inflation reduces the worktime value of currency,
that is, the currency will buy less and less time of other workers over days,
weeks, and months.
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Religious and government polices affect inflation.
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An inflated word ...
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(quality vs. quanity of money
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[cost of humanity{retime/detime}]) ...
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monetarism/usury is a cancer--quality of money and lending not considered,
just shirlock interest return
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cheapening lives