Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Friday, January 30, 2009

Beware Inflation

I am not yet 40 years old and as a professional economist I have only experienced one (mild) recession. I do not remember gas lines, 17% mortgage rates, and 15% inflation rates. I further do not blame those others who don't remember what it was like during the previous deep recessions.

However, I do hold people accountable for failing to learn at least a little bit about the past. First, the "Bush years" were not as bad as the Great Depression, not even close, and second, we have experienced devastating inflation (not hyperinflation) in this country but that it was tamed in the 1980s.

This Reason Magazine article provides a good background for why inflation is such a bad thing and how it was tamed in the 1980s.

I think this is important because inflation is likely just around the corner, perhaps in as little as two years.

Labels: ,

Comments: Post a Comment



Purchase




Le Chai - galerie du vin



Support



Popularity

Posts that contain Craig Depken per day for the last 90 days.



Contacts

Heavy Lifting's Main Page
Email Me
Atom Feed

WWW
Heavy Lifting




Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)



Recent Posts

- Beware Inflation




Archives


home


Visitors
Site Meter Blogroll Me!



Credits

Modified maystar design
powered by blogger