Robin Neill asked:
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A rise in the price of financial assets is a fall in the price of money,
so is a rise in the price of assets inflation or deflation?  Or is it that
the rate of interest is not a price (as Schumpeter pointed out),
and therefore the price of assets cannot be an element in either
inflation or deflation of the general level of prices?
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Try your question this way: A rise in the price of groceries is a 
fall in the price of money, so is the rise in the price of groceries 
inflation or deflation?

Samuel Bostaph