13Oct/100
On 4% Inflation
So I've advocated for this before. The rationale is simple - the higher inflation is to begin with, the more room you have in a downswing. Also, when your economy is already in recession and desperately in need of cash, promising inflation is essentially a promise of money: it's really "reflation". That's definitely better than the alternative, which is no inflation and no money.
Anyway, now serious people agree.
(Photo: AdamSelwood)
19Nov/090
Inflation is Good, For Now
Hot Air worries that "instead of real growth, we have inflation." This in response to news that core inflation rose by 0.2%. I wonder if they have any idea how reassuring a signal inflation really is, since earlier this year deflation (and corresponding statistics) was a viable fear?
