Because when you increase the supply of money, you induce a price increase of equal proportion.

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The party said figures published by the European Commission showed tax as a proportion of price in the UK was the highest in Europe.

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Ministers have also proposed that only the proportion of the price above the threshold would be liable to the higher rate of tax.

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So far, the price structure looks like an inverse proportion to the content and ease of use.

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The good news is this: Obamacare will largely eliminate these price variations, by increasing the proportion of Americans with health insurance, thereby leading our insurance providers to negotiate more reasonable prices from hospitals.

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For instance, when guaranteeing home loans, Freddie Mac and Fannie Mae, America's giant mortgage companies, could be required to demand higher down-payments as a proportion of the purchase price, the higher house prices are relative to rents.

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The price of the information is a small proportion of that investment.

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Also, the volatility of price movements when the turning points are passed can quickly result in errors of spectacular proportion.

ECONOMIST: Letters | The