[OPE-L:3870] Re: The Causes of Inflation

aramos@aramos.b (aramos@aramos.bo)
Sat, 21 Dec 1996 17:04:14 -0800 (PST)

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Dear Rakesh:

A) Could you clarify some terms of your OPE-L [3868]:

1. "BLS inflation rate"

BLS: Bureau of Labor Statistics? A non-consumer price index?

2. "not for reductions in COLAS"



> doesnt low inflation now serve to increase real interest rates, abet the
> bankruptcy of competitive capital and thus intensify the centralization of
> capital...

Well, if they cannot pay the increased real interest rate,
actually they would not be "competitive capital", I think.
What is "competitive capital"?

All this seems to come from some debate in the US. Could
you clarify a little bit your background. Thanks,

Alejandro Ramos M.