Have very little time these days for much of anything with all the jobbing for enough money to keep the bailiffs at bay, so I will leave you loyal readers with the following thought.
Mervyn, the Goblin kings banker, has printed ~£200Bn worth of beer vouchers in a bid to ruin our lives that little bit more before finally being ousted from No.10/first against the wall into the sluice of productive money we call our economy*; give or take a few billion this is roughly £1750Bn BVs.
Now I'm no economic expert but I can comfortably predict that once people stop listening to tinfoil hat wearing, LSE- educated economists and realise that their is more money chasing the same number of resources the producers of said resources will be able to take more BVs for their product. I would go further and predict this figure will rest around a cumulative value of 11%, you know, because that is what the increase in supply is an all (not taking into account the obvious pitfalls of UK sterling depreciation, so likely to be much higher and more painful).
Ultimately that is what inflation is; you increase the size of something beyond what it was before.
State directed inflation is not your friend; putting more BVs into existence when their is more stuff to buy maybe a reasonable time to do this (though not always) but not when it is ultimately a means of bailing out the failed policies of a cretin.
Am I the only one who sees this? Seriously?
*can anyone give me an accurate value for the total amount of sterling in existence? I always thought this would be easy to come by, you know, with money being an important regulator of trade between commodities and all. Ho hum - for anyone who wants a bit more meat on the bone check out the remarkably comprehensive and complex fiscal and monetary policy of the LPUK here. Good stuff.