Posted By:  deane034 Posted On:  Oct 4, 2008	We need the Rs.200 note
The Rs.200 note. Whatever happened to it? ( Pic by PVGM ) Seen any 50 cents recently? (coins, not the rapper) I haven't either. They probably don't mint it anymore. If they did, that would be a subsidy for the guys who mint coins because the metal required to mint the coin would cost...... [view]

Posted By:  deane034 Posted On:  Jul 17, 2008	For inflation targeting
Ajay Shah has yet another article on India's inflation . Here's an important one-liner, Professional economists agree with professional politicians on the importance of low inflation. I think that sums up the case for inflation targeting . I have previously been an advocate of currency...... [view]

Posted By:  deane034 Posted On:  Jul 17, 2008	For inflation targetting
Ajay Shah has yet another article on India's inflation . Here's an important one-liner, Professional economists agree with professional politicians on the importance of low inflation. I think that sums up the case for inflation targeting . I have previously been an advocate of currency...... [view]

Posted By:  deane034 Posted On:  Jul 5, 2008	Don't tell Cabraal
Apparently the German government is doing Zimbabwians a favor by stopping the Munich-based company which provides the 'high quality' paper for the Zimbabwian central bank to print it's bank notes which creates the countries' million percent inflation. The WSJ has more . Incidentally, it's the...... [view]

Posted By:  deane034 Posted On:  Jun 13, 2008	Honest about Inflation
Unlike his Sri Lankan counterpart (who, in his defence doesn't have a clue about these things) the finance minister of Pakistan, Sayed Naveed Qamar, has admited that government is responsible for inflation in that country, which stands about an "all time high" of 11% (Sri Lankan inflation is at...... [view]

Posted By:  deane034 Posted On:  Jun 11, 2008	Ajay Shah on Sri Lanka's inflation
A few days ago Ajay Shah, whom I refer to a lot on this blog had yet another excellent piece on inflation . I asked him on his blog, what he thought of the Sri Lankan situation with inflation and repeated claims by the Central Bank of Sri Lanka they are not responsible for it. Inflation hovers...... [view]

Posted By:  deane034 Posted On:  May 24, 2008	Making sense on Inflation
Ajay Shah points me to this article on this economist article on Inflation on emerging economies, arguing it bare resembles to the great inflation of developed countries in the 1970s. With inflation of about 25% in Sri Lanka and with the Central Bank more or less claiming that inflation...... [view]

Posted By:  deane034 Posted On:  May 18, 2008	Does this sound Familar?
1.15 As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are...... [view]

Posted By:  deane034 Posted On:  Apr 30, 2008	What's Up With Food?
As you probably know, the world's food prices are soaring. So far I've come across two basic explanations which I find reasonable for the hike in food and commodity prices. Increased demand, constraint supply. This one is straight from your basic Econ 101 textbook. The increase in...... [view]

Posted By:  deane034 Posted On:  Apr 19, 2008	Inflation for Dummies.Take 2
Mises Institute blog recently had an interesting piece by Henry Hazlitt on "everything you need to know about inflation". Here's a key excerpt: The word "inflation" originally applied solely to the quantity of money. It meant that the volume of money was inflated, blown up, overextended. It...... [view]

Posted By:  deane034 Posted On:  Apr 8, 2008	Starving Billionaires
( Starving Billionaires in Zimbabwe ) With the rate of inflation at 100,000% that's the state of affairs in Zimbabwe. Recently, the Zimbabwean reserve bank put out a $50 Million currency note . I wonder if the Zimbabwean central bankers are pushing "cost-push" theories like their...... [view]