Sunday, May 28, 2006
Inflation
Telegraph: So is inflation still dead?
In response to last week’s column about the short-term outlook for inflation, various people have asked me whether I, once dubbed the High Priest of Low Inflation, am getting worried about inflation after all. Moreover, it is now almost exactly 10 years since my book, The Death of Inflation, was published. Accordingly, it is appropriate to take last week’s analysis to a deeper level. In short, is inflation still dead?
Posted by jason @ 04:49 PM (25 views) Add Comment
2 Comments
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1. Blindleadtheblind said...
If these are thoughts of an expert..." Bernanke’s tenure at the US Federal Reserve implies a more lenient attitude towards inflation, there is no clear support for this in either his words or deeds"....then I would remind this fool this is the same Bernanke who talked about the electronic printing press producing dollars at essentially no cost. Although his comments on protectionism are partly correct, the reason we have inflation now and can expect a lot more in future is because BOE et all have been very busy with their respective electronic printing presses. Inflation always has been and always will be purely about how much money is produced.
2. The Bald Man said...
Inflation may be dead in this country because the government changes the methodology of calculting the index to produce low inlation!