Keynes warned us that practical men and women are but slaves of defunct economists. The comment is particularly relevant as we try to understand the prospects for inflation.
Read MoreWhat is Happening on the Inflationary Front?
Inflation
The Coming Recession?
Is leaving inflation fighting to the Reserve Bank all we can do?
Read MoreWhat About Inflation?
Claims that our current inflation is due to government spending are nonsensical. There is a mantra which goes: if the economy is expanding, cut back public spending; if the economy is contracting, cut back public spending; if the economy is inflating, cut back public spending; if the economy is deflating, cut back public spending. Recognise a pattern?
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