Inflation is one of the most important topics around right how so I thought I’d
respond to CoffeeHousers’ comments in a post rather than the original thread.
Nick and Gareth Sutcliffe say that inflation is due to global forces (and they’re right insofar as metals, food, etc are all going up). But if the money supply is managed properly, this needn’t push consumer prices too high – most other countries have stable inflation, as the first chart in my post shows: Britain is in Greek territory. My point: the British level of inflation is exceptional.
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James Delingpole
No one will convince me that Keira Knightley can fight: Black Doves reviewed
Greenslime suggests price controls – a very bad idea. Even Marx saw this. The prices of things transmit valuable information about supply and demand: without it, economies are doomed. Engels makes this point in the intro to The
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