I robbed my own post office of R100 000, says manager

[saturnz]

Luckily I've never had my money stolen by a bank.

so you never heard of inflation then

 

[Splinter]

so you never heard of inflation then

You really need to explain this gem to me. Are you implying that banks cause inflation to steal your money?

 

[falcon786]

Dis gon be gud......

 

[saturnz]

You really need to explain this gem to me. Are you implying that banks cause inflation to steal your money?

where do you think inflation comes from?

 

[Splinter]

where do you think inflation comes from?

I asked you first.

Where do you think inflation comes from?

 

[Splinter]

where do you think inflation comes from?

I asked you first.

Where do you think inflation comes from?

I'll give you a hint - it's not the banks

 

[saturnz]

"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." Milton Friedman

I wonder who controls the quantity of said "money"

 

[Splinter]

"Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output." Milton Friedman

I wonder who controls the quantity of said "money"

If you look at the numerous articles online about what causes inflation, you won't find anyone claiming that the banks cause it by controlling "the quantity of said money"

What a leap of imagination. Funny, but totally incorrect.

 

[saturnz]

If you look at the numerous articles online about what causes inflation, you won't find anyone claiming that the banks cause it by controlling "the quantity of said money"

What a leap of imagination. Funny, but totally incorrect.

care to post one article?

I mean Milton Friedman is regarded as the father of monetary economics, I guess he must know absolutely nothing about inflation then

and what is inflation targeting, and who sets the targets? institutions which are not banks?

 

[cheesus]

Where does the PO find these exemplary employees... Crème de la crème I tell you...

Probably at SA communist party meetings.

 

[Splinter]

care to post one article?

I mean Milton Friedman is regarded as the father of monetary economics, I guess he must know absolutely nothing about inflation then

and what is inflation targeting, and who sets the targets? institutions which are not banks?

There are many, many of them And you extrapolating what Milton said into some whacko theory of the banks being a caba, controlling money to cause inflation, is hysterical.

But, as requested., just a couple.

Causes of inflation. Inflation means there is a sustained increase in the price level. The main causes of inflation are either excess aggregate demand (economic growth too fast) or cost push factors (supply-side factors).Dec 4, 2017
Causes of inflation | Economics Help


https://www.economicshelp.org › macroeconomics › causes-inflation
Causes of inflation | Economics Help


https://www.economicshelp.org › macroeconomics › causes-inflation
Dec 4, 2017 - Causes of inflation. Inflation means there is a sustained increase in the price level. The main causes of inflationare either excess aggregate demand (economic growth too fast) or cost push factors (supply-side factors).
‎Demand-pull inflation · ‎Does devaluation causes ... · ‎Different types of inflation

 

[Splinter]

and what is inflation targeting, and who sets the targets? institutions which are not banks?

Government sets the targets, and are the ones who print the money

 

[ɹǝuuᴉM]

Perhaps I am saying these things happen, it does not mean I am okay with it. The Foreigner is quick to want to know how a black Post Office Manager who stole from his employer was appointed yet he is nowhere to be found where bank employees are arrested for stealing from their employer.

But yeah, I did expect you to come up with your foolish conclusion, you people are all the same, you only understand something when it's coming out of the mouth of a fellow Broedebonder.

OMG Where does it say he is black? Stop make stuff up. OK, it might be that in South Africa all the Post Office Managers are black. In that case I appologise. Honestly, I was not aware of that

 

[saturnz]

There are many, many of them And you extrapolating what Milton said into some whacko theory of the banks being a caba, controlling money to cause inflation, is hysterical.

who controls the interest rates and "money" supply as stated in your reference

 

[theratman]

Probably not the first one.

Nor the last!

 

[Splinter]

who controls the interest rates and "money" supply as stated in your reference

Government. Ever heard of the repo rate?

 

[R13...]

OMG Where does it say he is black? Stop make stuff up. OK, it might be that in South Africa all the Post Office Managers are black. In that case I appologise. Honestly, I was not aware of that

Don't be a lying sack of, his name is given in the article and obviously black as you well know.

 

[saturnz]

Government. Ever heard of the repo rate?

government sets the repo rate

 

[Splinter]

government sets the repo rate

Exactly.

You are scoring own goals again

 

[cheesus]

OMG Where does it say he is black? Stop make stuff up. OK, it might be that in South Africa all the Post Office Managers are black. In that case I appologise. Honestly, I was not aware of that

He can only be black if he works for the guvament.