Monday, May 31, 2010
Take heed
Fears Rise in Europe Over Potential for Deflation
Keeping inflation under control is the central bank’s primary legal responsibility, and as Europe struggles to overcome economic problems caused by the sovereign debt crisis, inflation has remained the bank’s primary focus. But some economists say it has become a driving obsession that has blinded the bank to a potentially bigger threat to Europe: deflation.
Posted by dill @ 07:18 PM (552 views)
2 thoughts on “Take heed”
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Peter says:
Falling prices, so our money is actually worth a bit more for a change?
Now that would never do would it!
Bearing in mind that the US dollar is now worth 3c (yes just three cents) at 1913 values, and the pound has gone more or less the same way, isn’t it about time we had a bit of this deflation?
peter says:
Falling prices, so our money is actually worth a bit more for a change?
Now that would never do would it!
Bearing in mind that the US dollar is now worth 3c (yes just three cents) at 1913 values, and the pound has gone more or less the same way, isn’t it about time we had a bit of this deflation?