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.2 comments:
Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
Say what you please, so long as it's phrased politely and is not libellous or legally proscribed. Fact, reason and wit are keenly welcomed.
The combination of fiat currency, welfare state, and universal franchise is almost bound to lead to Sovereign default, I suspect - most likely by inflation.
ReplyDeleteA Harold Wilson stunt, eh?
ReplyDeleteI haven't heard from Deariwuff yet...