Argentina freezes prices to break inflation spiral
http://news.yahoo.com/argentina-freezes ... 33877.html
price controls, like they've ever worked in the past!
Inflation
Hyperinflations, Hysteria, and False Memories
https://www.gmo.com/America/CMSAttachme ... ntcQ%3d%3d
https://www.gmo.com/America/CMSAttachme ... ntcQ%3d%3d
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Inflation basket: E-books added by ONS
http://www.bbc.co.uk/news/business-21753044
Liverpool FC: Fans call season ticket rise insulting
http://www.bbc.co.uk/news/uk-england-me ... e-21747116
http://www.bbc.co.uk/news/business-21753044
Liverpool FC: Fans call season ticket rise insulting
http://www.bbc.co.uk/news/uk-england-me ... e-21747116
i wonder if football tickets are in the basket? probably not....these inflation-busting price rises are an insult to long-standing supporters who have already suffered a massive 716% price rise since 1989
- superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
Peter Schiff: Meet "Lowflation": Deflation's Scary Pal
http://www.europac.net/commentaries/mee ... _scary_pal
http://www.europac.net/commentaries/mee ... _scary_pal
Up until now, the inflation advocates have focused their arguments almost exclusively on the apparent dangers of "deflation," which they define as falling prices. Despite reams of evidence that show how an economy can thrive when prices fall, there is now a nearly universal belief that deflation is an economic poison that works its mischief by convincing consumers to delay purchases. For example, in a scenario of 1% deflation, a consumer who wants a $1,000 refrigerator will postpone her purchase if she expects it will cost only $990 in a year. Presumably she will just make do with her old fridge, or simply refrain from buying perishable items for a year to lock in that $10 savings. If she expects the cost of the refrigerator to decline another 1% in the following year, the purchase will be again put off. If deflation persists indefinitely they argue that she will put off the purchase indefinitely, perhaps living exclusively on dried foods while waiting for refrigerator prices to hit zero.