#TheReset: Reducing the risk of ‘stag-deflation’ after COVID…

If the post COVID ‘reset’ works, then it will have to move beyond longstanding structural thorns that western society has so far failed to deal with. The great twentieth century historian Eric Hobsbawm wrote that the period from 1945 to the early 1970s were a ‘golden age’ in human achievement and it was only the breakdown of the mid to late 1970s of economic wellbeing and living standards that broke this unprecedented period of growth. In the height of this …

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What’s that got to do with the price of fish? The growing gap between inflation and the perception of inflation

Last week’s news that the Consumer Prices Index (CPI) rate of UK inflation has dipped below zero for the first time since official records began in 1996, and for the first time since 1960 based on equivalent historical estimates, caused a range of reactions amongst commentators and politicians. The Chancellor, George Osborne, was keen to emphasise that this should be termed “negative inflation”, a brief spell of decreasing prices, rather than the more damaging “deflation”, implying a longer term period …

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Global Crisis: Write-off or inflate debt away says Steve Keen

Aussie economist Steve Keen, host of the excellent Debt Deflation blog, has long argued that our current – record high – debt-to-gdp ratios are the real cause of the crisis. As the debt is still there, the crisis is still here. He offers a realistic assessment of our options – Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt–either directly by abolishing large slabs of it, or indirectly by inflating it …

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Dollar crisis : Meltup

In the midst of a European sovereign debt crisis analysts stateside are worried about their future. Produced by the National Inflation Association the video splices contributions from Marc Faber, Jim Rogers, Ron Paul, Peter Schiff and others to make the case that the United States is staring into the face of a future currency crisis and hyperinflation. Hat tip to Gerard O’Neill for this particular horror movie He also linked to an interesting presentation with Niall Ferguson US Flag http://www.flickr.com/photos/jiazi/ …

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