"Ever get the feeling you've been cheated?"

Like John Lydon, Guido seems to think we have been conned:

'Guido believes it is the deliberate policy of the Fed and the Bank of England, with the complicity of their political masters in the US Treasury and HM Treasury, to inflate their government debts away. Inflation is a pernicious form of taxation, it punishes the old and those who save and leads to a worse reckoning in the end. We are being deliberately swindled by the political elite.'

Read more at this Guido fawkes post.

For more of my thoughts on why deflation was never the worry but inflation was, you could start with reading this piece noting that:

'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... '

And this to be reminded of Andrew Lilico, chief economist at Policy Exchange, predictions that interest rates may rise to 8% within two years so as to try and choke rising inflation... In fact the scariest of Andrew Lilico's predictions is that if the economy cannot stand such high interest rates then the solution may be inflation peaking at 20%.