Different definitions of inflation are being used in this discussion, which is the source of confusion.

http://en.wikipedia.org/wiki/Monetary_inflation

That is the original and true definition of inflation.

Since central banks, or government treasury departments, directly cause inflation by debasing the national currency, these institutions have a vested political interest in redefining the term "inflation" as a rise in prices.

The reason the use of the word "inflation" has changed to mean "increasing prices" over the past 50-70 years is that Keynesian economics has been taught in universities around the world during the same time period. Keynes advocated creating economic growth by governments spending money they don't have. It is natural that the institutions that follow Keynesian policy have an incentive to blame inflation on something besides government policy. Thus the government defines inflation as an increase in the Consumer Price Index, instead of the increase of the money supply. The Consumer Price Index itself has been weighted to reduce the importance of food and fuel - the very sectors of the economy where the effects of inflation are always the most obvious.

-- taken from a wikipedia discussion post, because I couldn't have said it better myself.

Please correct the title, it's "Janeiro", not "Janiero"

When government establishes a monopoly over the currency of a country, it always has an interest in creating inflation, because it can use inflation as a very convenient and invisible tax that steals everyone's wealth. You have to question the motivation of a school of economic theory that says inflation is good or necessary for economic growth.

Libertarians are NOT anarchists, they do believe government is necessary. The hot russian needs to do some more research.

I can't believe Rio won. I'm happy about it, but I can't imagine how they're gonna' make the city capable of hosting the Olympic games in 7 years.

*brief

When the economy starts going bad again, which I think will happen soon, it will become very easy to wrongfully blame capitalism for it, when it's actually the FED's and the government's fault.

I'm guessing social liberals will get their way, even though all this fuss about healthcare is pointless. You can't pay insurance when your money is worthless.

I'm guessing he qualifies for an O-1 visa for having "extraordinary ability in the [...] arts [...] which has been demonstrated by sustained national or international acclaim"

^ Maybe you're right, I'm just generalizing that sports which are not exclusive to America also have a lesson about dealing with failure, and getting another chance.

I think Craig is a smart guy, I like his show, I just don't like how he flaunts his patriotism around, pandering to his American viewers.

^ I don't think the airbag can inflate that fast

I agree with her, but that's not exclusive to America, it's like that everywhere, part of our social dynamic. People instinctively have many social fears, even the most outgoing. These fears are usually unwarranted and should be constantly challenged.

^ So does cricket, rugby, soccer...

FAKE!

Moving too fast for a heavy

Michael Moore got it all backwards.

A BJJ black belt once told me it's a good strategy to provoke the other guy to charge against you, because it makes them very predictable.

The kid in the video used the open space to his advantage to back up and avoid the incoming swings, which was awesome. He suggested using the opportunity to do a takedown (BJJ's most usual standing attack anyway), which is very unexpected to most people.