Wednesday 2 July 2008

Peronalised inflation

It is of course an old joke. when is inflation not inflation - when it is a rise in house prices. That is not inflation but rather an increase in personal wealth (so good).
That is it is not inflation when very few are actually using the realizing the wealth, when they are merely gloating over it (an no matter if this gloat is enough to bugger up the rest...)


for more of the same go

here

No comments: