. . . the problem is we don’t know which and in what order . . . .
A close friend, far richer and better-informed than I (not difficult) sent me some completely speculative global economic notes, which he admits depend upon force majeure and all that. See how many you agree with. I personally think [...]
Tag Archives: inflation
Thus predicts at least some of these predictions will come true
April 11, 2009 – 5:17 pm
Inflation is handy for stealthily lowering wages, deflation makes money cheaper but discourages risk-taking.
February 4, 2009 – 10:51 am
I’m publishing this comment as a post because I’d forgotten about the effects of inflation on wages – a phenomenon that I haven’t read elsewhere recently - and partly because I’d like someone to answer the question not answered here, namely, what are the advantages of deflation or zero growth? I also like the notion [...]
Inflation may be marginally less depressing than deflation . . . .
January 30, 2009 – 12:01 am
. . . . . . but that’s hardly a reason to be cheerful. And deflation might dampen wasteful consumerism. By Peter West
There’s only one thing worse than inflation, and that’s deflation. Inflation got a bad name for itself in the seventies, but just recently when it has looked like being replaced by its satanic brother, [...]
More about inflation – Crispin Odey
January 28, 2009 – 10:22 am
Writing in today’s Financial Times, often-controversial hedge fund manager Crispin Odey echoes some of the arguments put forward on THUS by Chris Gilchrist (below).
With full attribution and respect for the FT’s copyright, here is a brief extract from his piece:
The world’s total outstanding debts have to be reduced. Our populations and companies need the means [...]
Why inflation is a Good Thing
January 27, 2009 – 4:58 pm
The view that inflation is an evil ‘debasement of the currency’ with terrible social, political and economic consequences is still orthodoxy among central bankers and the vast majority of economists. Over the next few years we are likely to see it return and become embedded in Western economies. This may not be such a bad [...]