Sunday, May 11, 2008
17% M4 money supply growth for the last five years means onyl one thing ...
Times Online: Mervyn King to grimace and bear bad news
Inflation noun 1 econ a general increase in the level of prices accompanied by a fall in the purchasing power of money, caused by an increase in the amount of money in circulation and credit available. See also deflation, reflation, stagflation. 2 loosely the rate at which the general level of prices is rising. 3 the process of inflating or being inflated. inflationary adj relating to or involving inflation.
I wonder which part of "increase in the amount of money in circulation" is not understood by Mr Duncan?
Posted by paul @ 11:23 PM (230 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
1. jason said...
Link doesn't seem to work:
http://business.timesonline.co.uk/tol/business/economics/article3913173.ece
2. paul said...
They've moved it. I don't know why they do that.
http://business.timesonline.co.uk/tol/business/economics/article3913173.ece