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 (1238 views)
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4 Comments

1. tick tock said...

What an idiot Smith is.

Inflation it is then.

Sunday, November 22, 2009 10:03AM Report Comment
 

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.

Sunday, November 22, 2009 11:43AM Report Comment
 

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.

Sunday, November 22, 2009 12:25PM Report Comment
 

4. Crunchy said...

If we don't have inflation the money expansion cannot continue. Go figure!

Sunday, November 22, 2009 12:34PM Report Comment
 

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