Thursday, October 30, 2008
Inflation could make a comeback sooner than you think
"...we borrowed lots of money - arguably too much - and now we have to pay it back, regardless of what the world’s governments and central banks would like us to do. It’s not that hard to understand. Lots of people don’t seem to like the idea, because it sounds moralistic. But it’s no more moralistic than pointing out that if you throw an apple into the air, at some point it will fall back down again."