Prof. Costas Milas: M4 money supply growth up to 10% p.a. not significantly inflationary
M4 expansion offset by declining velocity of money (see 2005 slide below) (plus UK M4 in £billions, below, right)
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BoE Bulletin (Q3 2007): "Interpreting Movements in Broad Money"
4 comments:
Yo Ho Ho.
And a vast behind, which I blame on blogging. I did say I'd switch to reading other people - this is what I'm finding. Lovelock's theory, if the Chinese leadership give credence to it, suggests they'll have to expand out of the Middle Kingdom.
Nice stuff on China - I ran a long piece on it but these are nice updates. Coal burning form them is our most immediate problem over here.
Also, I feel Amerman is right.
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