|Last Updated: Mar 25th, 2013 - 16:46:15
Thought for the Day
Our government has a full scale enquiry going on into the cause of inflation. Other nations are also struggling with this problem. Unfortunately the solution will cause a recession or depression or a long period of deflation. How much longer can we keep inflating our currencies before we have to bite the bullet and apply the solution? OR is the problem running out of the control of any government to fix?
Aug 10, 2007, 15:41
The Mandarins of Money
Another look at how inflation is caused by Central Bankers printing too much money. It looks as if the developing countries are really letting rip (China 20% and Russia 50%) with their money supplies and this is causing so much trouble around the world.
Aug 10, 2007, 15:14
Toilet Paper Money
One of the requirements of a really good form of money is that it should have value in and of itself. Our modern bits of paper/plastic and computer digits are particularly ethereal.
We believe they have value because our government says so. This is why they are called fiat currencies. Issued by government fiat or order.
Here is a short history of fiat currencies.
Aug 8, 2007, 11:36
The Price of Growth
Venezuela's government struggles with inflation.
Interestingly the Economist doesn't mention the rate of inflation of Venezuela's money supply. The answer - found in the next item - may surprise you, then again it might not.
Aug 6, 2007, 13:53
Global Money Supply
Here is some information about money supply for the major currencies of the world. Note the huge difference between how the money supply is growing in Venezuela compared with Switzerland.
New Zealand's is around 15%.
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Aug 6, 2007, 13:13