Archive for June 30th, 2008

Inflation – it’s such a mess

A man explained inflation to his wife thus:
‘When we married, you measured 36-24-36. Now you’re 42-42-42. There’s more of you, but you are not worth as much.’
- Lord Barnett
That my dear friends, is the essence of the devil called inflation. In more complex terms, and hence economically speaking, Inflation is a rise in general level [...]