| Topic: | Is Inflation the inevitable result of the Devaluation of the Gordon Brown Pound ? | |
| Posted by: | David Giles | |
| Date/Time: | 06/11/09 21:31:00 |
| I have noticed lately the rapidly rising real prices of imported motor cars. The devaluation of the pound against the euro, the dollar and the other major trading currencies should normally lead to inflation in the costs of imported goods and services. And we do import a lot of goods and serrvices. In addition, Gordon Brown's policy of trying to increase the supply of money and credit by "quantitative easing" may well be inflationary Are we now going to have rapidly rising prices, rapidly rising taxes, tighter credit, rising unemployment, salary costs and cuts in benefits and public services ? |