Writing in Wilmott, Rudi Bogni argues that banker-bashing may be a convenient way to mask the inconvenient truth that the demands on our financial systems are unsustainable. Western productivity was not up to the task of generating sufficient wealth to fuel perpetual growth, nor is it likely to be. It required a collective suspension of [...]
Tag Archives: quantitative easing
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 [...]