Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
You know NBBooks, I happen to think you are a genius. But...

On the subject of inflation here, I believe you are listening to the wrong voices.  Why?

Inflation is often a fiscal / monetary problem--but not this time.  This time, the rising costs of commodities like wheat and oil are being driven by something much more basic--demand is exceeding supply for real reasons such as increasing populations and a finite biosphere.

Because this is true, any advice from the banksters and their idiot economists will almost certainly make the situation MUCH worse.  You notice that none of the standard remedies proposed by the central bankers is "working."  (whatever that means)

"Remember the I35W bridge--who needs terrorists when there are Republicans"

by techno (reply@elegant-technology.com) on Mon Mar 3rd, 2008 at 01:34:19 PM EST

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