indolence logAnthony Towns' blog.Inflation- May 12, 2008 There&8217;s been a few major issues lately where inflation and central banks have been key elements: Zimbabwe&8217;s collapse under Mugabe, the recent Australian Federal election, and the US sub-prime mortgage crisis. What I find fascinating is that it all seems to be treated as an absolute black art by almost everyone, in spite of economics supposedly being reasonably well understood these days. It&8217;s particularly weird, because at a fundamental level, inflation is absolutely trivial to..http://azure.humbug.org.au/~aj/blog/2008/05/12#2008-05-12-inflation |