Skip to content

Try this one out

OK, in a rich nation the wealthiest – the top 20% by income at least – suffer badly. The ‘Tater then says:

It will be no surprise to anyone that the biggest negative impacts of inflation are on those in the poorest groups in society and that relatively speaking those in higher-income groups do much better.

Jeez, can’t he even read a chart these days?

But there is what the IMF call a surprise outcome for governments:

FFS, they did;t call it a surprise outcome. They said that surprise inflation lowers the debt to GDP ratio for the government, expected inflation does not. Something we’ve all known for getting on for a century now. Otherwise known as you can only inflate your way out of debt if no one expects the inflation.

2 thoughts on “Try this one out”

  1. OK, I’ll bite… in both charts it seems that the poorest quintile do worst. If Richie’s reading that chart wrong then so am I. So what am I missing?

Comments are closed.

Can you help support The Blog? If you can spare a few pounds you can donate to our fundraising campaign below. All donations are greatly appreciated and go towards our server, security and software costs. 25,000 people per day read our sites and every penny goes towards our fight against for independent journalism. We don't take a wage and do what we do because we enjoy it and hope our readers enjoy it too.