Sunday, Nov 22, 2009
Hyperinflation around the corner
The Times: The nutters can relax – but only for a while
Nutter is being used here not to refer to people who go nut-hunting in the woods, still less those with mental conditions. A better expression might be silly bloggers... those who fear hyperinflation is lurking round every corner.
There is no need to worry about inflation over the next few months. There may be more cause to worry in the long run.
Posted by devo @ 07:01 AM (856 views) Add Comment
4 Comments
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1. tick tock said...
What an idiot Smith is.
Inflation it is then.
2. goweresque said...
There are 3 ways of getting rid of a large amount of debt - default, pay it back, or let inflation erode its value. I know which option looks best to a govt.
3. James said...
David Smith is wrong. In the real world (outside the banks who can afford it using our money) many people have not had pay rises in the last two years, Employers often citing low inflation as a basis. But when they see inflation higher in the short-term, many will start demanding pay rises and Employers will not longer being able to resist to the low inflation argument. This will fuel wage -inflation spiral and we will have stagflation just like in the 70s.
4. Crunchy said...
If we don't have inflation the money expansion cannot continue. Go figure!