E.D.Hart

Consumers Buy Into Disinflation

On the contrary--wages can fall, or stagnate, and inflation can accelerate. All it takes is an increase in the money supply through credit and fractiional banking.

See the 1970's.

Also, it is possible to have rising wages and falling prices, or relatively low inflation. With rising productivity faster than the money supply increasing.

Wage growth can be greater than or lesser than the rate of the increase in prices.

Risk Management in Trending Markets

I wish all SA writers were as lucid and straightforward. Excellent article.