But as Oliver Kamm refuses to recognise it’s possible to have too much of a good thing:
Higher inflation, of say 5 to 10 per cent, will also make it easier to deal with the (necessary) widening of the budget deficit. Gradually, nominal interest rates will rise.
10%? Man’s mad
“10%? Man’s mad”
You’ve only just noticed?
He’s a loon who pseudonymously slags off people who give his book negative reviews on amazon.
I propose a new SI unit of madness – the Murphy. This suggestion is about 1 centiMurphy
MC – he’s Karl Stalin, right? slags off is right – no rebuttal, just abuse. What a funny insecure thing to do.
Sounds like Mr Kama has a fucking huge mortgage and some sort of income which rises with inflation.
Kamm, FFS
Napsjam – yep. There is also the suspicion that he edits the wikipedia pages of people who cross him, also under a pseudonym.
Cloying inflation.
I remember 10% inflation, and above, it seems people have become used to the low inflation status quo we have had for a while.
I recall getting a cost of living increase of 9.5% once and people complaining it wasn’t enough.
I recall paying 16% on the top slice of my mortgage.