Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz

Sunday, October 12, 2008

Every picture tells a story

This is a measure of monetary inflation. Increases here will eventually work their way into prices and wages. An explanation is offered here. Note that there has been nothing close to the highlighted "spike" in the last 25 years.


dearieme said...

The combination of fiat currency, welfare state, and universal franchise is almost bound to lead to Sovereign default, I suspect - most likely by inflation.

Sackerson said...

A Harold Wilson stunt, eh?

I haven't heard from Deariwuff yet...