High inflation these days tends to be something most people read about in the newspaper rather than experience directly themselves, but if predictions from Alan Greenspan, former chairman of the Federal Reserve, turn out to be correct, we could soon see an end to the benign inflationary times that we’ve seen over the last twenty years.

Homeowners struggling under the weight of a huge mortgage might welcome a hefty dose of inflation if it eats away at the real cost of their home loans but pensioners struggling to get by on fixed pension payouts won’t be so grateful.

Successive governments saw the reduction of inflation as their number one priority in the 1980s and 1990s but, according to Greenspan, economies are increasingly in the grip of forces that central banks and governments may be able to do little about.

So does the prospect of inflation worry you? Or is Greenspan’s assertion that the prospect of recession is ’still less than 50:50′ of more pressing concern - did you think its chances were even that high? And what of Gordon Brown’s reputation - did he get out of the Treasury just in time or will he still have to shoulder his share of responsibility for whatever lies ahead? Tell us what you think, we’d like to hear your views.