Comments on: Salvation through inflation: The British way out

By: Lambick

Lambick — Wed, 19 Oct 2011 09:00:09 +0000

Governments have a tendency to pass their mistakes (as profligacy) on to those of their subjects that are easiest to make victims of. Any similarity to extortion is purely accidental. Inflation is such a nice way to go about: silent and diffuse. And shameful.

By: rcwhalen

rcwhalen — Tue, 18 Oct 2011 23:56:49 +0000

Ditto. The pro-inflation chorus will never relent. But the technocrats lack the courage, the Leninist zeal to really inflate.

http://blogs.reuters.com/christopher-wha len/2011/10/04/watching-the-failure-of-t he-new-economics/

By: ActionDan

ActionDan — Tue, 18 Oct 2011 19:17:16 +0000

@Howdya – I think that perhaps you are generalising too much. Most of the people I know who made the most from the rise of their assets in the credit bubble also have a lot of debt. So the unearned gain just keeps growing.

For people like me who just don’t like using debt to fund a purchase, it’s a double hit. First the BoE stokes property price inflation meaning I have to save more, and then the BoE stokes inflation again thereby reducing the value of my savings.

I’ve learnt a lot about the corruption at work in our money supply over the past 10 years, and that the BoE simply cannot be trusted.

By: Howdya

Howdya — Tue, 18 Oct 2011 12:43:16 +0000

Well, “shameful”, I don’t know. After all, the people who would be hit by the devaluation of their savings are mostly the very people who received the gains from the rise of their assets from the credit bubble over all these years. In most cases they made an unearned gain and are having to give some of it back. Is it not more shameful to have low inflation and throw the debt problem onto our grandchildren and great grandchildren who had nothing to do with this and aren’t even born yet?