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JakeS:
The One True Cause Of All Inflation.
....is Profit.

"The future is already here -- it's just not very evenly distributed" William Gibson
by ChrisCook (cojockathotmaildotcom) on Fri Nov 19th, 2010 at 07:58:09 PM EST
[ Parent ]
To zeroth order, profits and wages are symmetric in the firm's cash flow. So if profits cause inflation, wages do too.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Nov 19th, 2010 at 08:14:38 PM EST
[ Parent ]
Profit is a share of gross income. If "the search for profit" is the one true cause of inflation in a capitalist monetary production economy, then "the search for wage growth" would be the one true cause of inflation in a syndicalist monetary production economy.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Nov 19th, 2010 at 09:39:03 PM EST
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