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.Sunday, October 12, 2008
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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.
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2 comments:
The combination of fiat currency, welfare state, and universal franchise is almost bound to lead to Sovereign default, I suspect - most likely by inflation.
A Harold Wilson stunt, eh?
I haven't heard from Deariwuff yet...
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