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Tuesday 14 September 2010

What happened to the problem being deflation?

For months we have been told that the problem facing the UK nad much of the world was 1990s Japanese style deflation. Today with the news that 'UK Consumer Prices Index (CPI) inflation remained unchanged in August at 3.1%' even the BBC seemingly manage to realise that the problem is inflation not deflation.

Governments printing money to get out of a problem leads to inflation every time and this time will be no different. Don't say you weren't warned...

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