Douglas Carswell

2010 predictions: higher inflation

Forget talk of deflation. In 12 months time, the pound in your pocket will buy you less than it does today.

Why? Inflation is caused by too much money chasing too few goods and services. And government has been conjuring up lots and lots more money.

Every time they magic into existence another squillion quid (bank bail outs and quantitative easing et al), the quids that belong to you are worth less than they were.

Government spokesmen will act hurt and surprised as inflation erodes you wealth. But remember; conjuring up more money is how government, free from legislative accountability, always inflates away its debts and redistributes wealth from you to them.

Back to all posts