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  1. #1
    Join Date
    Apr 2005
    Posts
    2,694

    Default Inflation at zero percent in the land of under.

    Zero percent inflation in Oz this week.
    Now that's odd.

    I've been informed that inflation is simply a measure of the amount of goods* compared to the amount of money.
    And I know that every banker and their dog is pumping out as much pretend money as they can trick the public into taking responsibility for.

    Me thinks someone can't understand numbers properly.
    We really need to teach these paper types the cold hard facts about " the conservation of energy and mass".
    That way they will get an instinct when the numbers are misleading them.



    * Yes, not going to bother with the detail. You get the general idea.
    Last edited by McDuck; 27-04-2019 at 03:44 PM.

  2. #2
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,268

    Default

    “Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist.”
    https://www.goodreads.com/quotes/627...-go-on-forever
    Squadly dinky do!


 

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