Monday 28 November 2011

Guess which country has the highest inflation rate of any major industrialised economy?


It is the UK, of course. Quantitative easing does exactly what economic theory would predict. If the Bank of England prints more money, the inflation rate increases.

6 comments:

The Lord Essex said...

The inflation rates in all countries have a clear upward trend. So much for deflation.....

Electro-Kevin said...

Of course. You're right, Alice.

That the house price crash hasn't occurred, as you predicted, is down to the fact that no-one ever envisaged the lengths to which they would try to avoid it.

Stevie b. said...

Buy buy buy - stocks.
Sell sell sell - gilts.

But...can it really be that obvious?

Anonymous said...

oy vey the plan is working !!!

Lionel said...

The plan seems to be working everywhere

Anonymous said...

Japan has stopped deflating. Yay...!