Tuesday, August 16, 2011

When you own your currency, you still cannot control inflation

Inflation accelerated more than economists forecast in July to 4.4 percent, led by the cost of clothes and footwear, housing maintenance and rent. While King predicted that inflation will reach 5 percent in coming months, he said that it might be below 2 percent without the impact of temporary factors such as energy costs and will probably slow through 2012. Bloomberg

Who controls inflation when the range is between 2% and 5%?
Economists come up with weird theories that require infinite dictatorship to implement. Then get angry when voters can't make their theory work. MMT and Keynes are variations on fascism, and have nothing to do with the science of economics.

No comments: