Saturday, Nov 21, 2009
Halligan's weekly rant about inflation returns
Telegraph: An inflationary spike is not just hot air - it's a very real threat
Part 94 of Liam Halligan ranting on in the Telegraph about how we're going to be Zimbabwe in 6 months time on account of Quantitative Easing. This week, unusually, he raises an interesting point. Is the so called 'output gap' as defence against inflation any more than an economist's fantasy? I've yet to hear an adequate explanation for it, even though it's a key part of the deflation argument many have bought into. Maybe he's right after all.
Posted by tpbeta @ 10:13 PM (515 views) Add Comment
2 Comments
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1. devo said...
Hyperinflation or Stagflation?
No one's really sure.
2. mander said...
What is the global picture? UK only having inflation? Do not think so. Rates will go up.