Wednesday, March 12, 2008

Should we worry about inflation after all?

Inflation: don't worry too much

This article offers a suggestion that maybe inflation isn't as much of a threat as we think. We could just leave it up to the market to solve the problem. A slightly different, but interesting view...

Posted by damien @ 10:04 AM (789 views)
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3 thoughts on “Should we worry about inflation after all?

  • well, if you haven’t got any savings, then they won’t be wiped out.

    No problem.

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  • If you have debts and an unthreatened [in the face of inflation] job – say one with HMRC, then inflation is a welcome thing!

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  • There are some parallels with the oil crisis in the 1970s. Although oil prices fed through into price inflation generally, the most obvious impact was on motoring. In the short term people travelled a bit less, and they started buying smaller more economical cars. People adjusted to the new conditions fairly easily really (but unfortunately the motor industry didn’t).

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