Those who experienced the 1970s were taught a painful lesson about the negative effects of inflation. In standard monetary theory some emphasis is given to the initial phases of inflation in which an increasing money supply funds economic expansion and tends to cause booms, bubbles and speculation. Less attention is usually given to the second stage of inflation in which prices rise…
May 16th, 2008 | William Rees-Mogg | 1 comment | Continued
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| All Ordinaries | 4318.900 | ||
| S&p/asx 200 | 4242.800 | ||
| China Shanghai Co | 2344.771 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 9052.07 | ||
| Indu | 0.00 | ||
| S&P 500 | 1351.77 | ||
| Ftse 100 | 5912.49 |
