Why UK Value Stocks Are Still the Trade of the Decade
Merryn Talks Money
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The Importance of Overcoming Inflation
Inflation is just supply and demand. Central bankers answer to inflation as we have to destroy the economy in order to save it from inflation. Does it work? Yes. It's a little very painful. I'm reminded of the colonel in Vietnam, who was quoted as saying we had to destroy the village inorder to save it. Now, instead of channeling his inner Volcker, if he was channeled his inner Powell, he would be saying, well, our goal is to bring inflation under control. Our specific plan is to raise interest rates, crush demand.
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