Posted by Flora Maudsley-Barton | April 22, 2009
Why will there be inflation?
Do you remember the audi advert that talked about spending twenty million dollars developing the new A4 (I think it was that one, and wait to be corrected)? The punchline was
“that was when twenty million dollars was a lot of money”…
I loved it.
Unfortunately, that’s why we’re going to need a period of high inflation, it’s the only way to make the recent expenses seem manageable.
As Tom Dobell said recently, “[we need to] inflate [the debt] away”.
So, I’ll be taking inflation really seriously.