Sunday, April 25, 2010
Exposing the lie
I nicked this from @interestrateripoff on the forums. It is depressing to note how easily sucked in the majority of the media have been on the deflationary myth. It beggars belief that any rational economist would subscribe to deflation being a threat when the government is printing money, devaluing the currency and ignoring key inflation indicators in its monthly interest rate-setting meetings. In conclusion, the UK is in for a short sharp shock when Parliament hangs next month.