« Funding terrorism |
| New Arrival »
The essential John Brignell on his Number Watch site has an article called Greenflation - More sense there than you will get from the latest BBC Climate Chaos series that the wireless keeps promoting...
Blog Post Dated: May 22, 2006 6:52 AM | Permalink
It's a pity that the article mentions Inflation, and then says that high interest rates are bad. Monetarism fixed Inflation.
Low interest rates + fiat currency cause banks to create "money" "ex nihilo", this causes inflation.
We should have cut taxes instead of interest rates.
Rob Read |
May 22, 2006 1:01 PM
Remember personal info?
Comments: (you may use HTML tags for style)
Defeat the spambots, complete the following - Cry England for Harry and St ? (required):