tag:blogger.com,1999:blog-7314520695799326639.post4428512103048340459..comments2023-09-22T12:18:35.125+01:00Comments on Your Neighbourhood Economist: Inflation – More friend than foeYour Neighbourhood Economisthttp://www.blogger.com/profile/00096015895608337029noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7314520695799326639.post-45929360842596454122014-06-27T10:11:31.461+01:002014-06-27T10:11:31.461+01:00I do not share your aversion to inflation. I am n...I do not share your aversion to inflation. I am not arguing for inflation for its own sake but as a means to ease the burden of high debt. You are correct on the negative effects of inflation and the positives from cheap imports, but I am not just discussing the merits of inflation in general, and instead are looking at dealing with specific problems we now have in the economy.Your Neighbourhood Economisthttps://www.blogger.com/profile/00096015895608337029noreply@blogger.comtag:blogger.com,1999:blog-7314520695799326639.post-45517673074408467882014-06-26T01:25:27.147+01:002014-06-26T01:25:27.147+01:00Inflation is an insidious evil.
"If wages in...Inflation is an insidious evil.<br /><br />"If wages increased along with inflation" only works if wages constantly increase at more than inflation. This then feeds more inflation into the system, destroying the value of savings and eating into the spending power of an increasing number of pensioners.<br /><br />Wages are being held down through cheaper labour arriving from Asia and Europe. The import of cheap goods produced by manufacturers who are free to move to the cheapest production centres of the world.<br /><br />I guess you are not moaning about the cheaper TV's, mobile phones and clothes?<br /><br />Jobs are what the economy needs, not inflation. Inflation will put the price of UK goods and services up, making imports cheaper and so the UK loses even more jobs.<br /><br />If you look at what IS costing far too much, it is the price of having a roof over your head. This takes the largest chunk out of people's pockets. The Great Infatuation the UK has with rising property prices is killing the economy.Anonymousnoreply@blogger.com