Archive for June 21st, 2008

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Slow Growth to Tame Inflation

June 21, 2008

Inflation is on the rise around the world, even more so than is being commonly reported by government agencies and central bankers. The finger of blame usually falls on two fronts. “World events cause inflation.” “Politicians cause inflation.” What most world citizens and media pundits alike fail to recognize is that central bankers are a principle cause for inflation.

In Britain, politicians claim a 60% price rise in food commodities, an 80% increase in oil and a 160% surge in the wholesale price of gas. As the while, the political powers claim that inflation is still close to their 2% target. What baulderdash!

The British bankers claim that Read the rest of this entry ?