Monday, May 17, 2010

Petrol expected to fuel inflation

Why can't modern economists get this right? Why do they insist on always put the cart before the horse?

It is not rising petrol prices which 'fuel inflation'.

It is rising inflation (government money printing) which is fuelling petrol price rises.

Get it right, chaps. It really will help everyone understand what to do, when price inflation really gets out of control.

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