Inflation as we know it is the rapid, continuing rise in prices, which arbitrarily takes wealth away from savers, and devalue the value of income earned. It’s not just the purchasing power of money that is eroded; it is the trust in a reliable future on which promises and contracts in a capitalist society depend
I WAS on my usual weekend hawker rounds in PJ last week, when an elegant lady approached me: I am so glad to see you at places where ordinary people gather – check out the prices: everything is up with Chinese New Year around the corner; not just among hawkers but also in wet markets, among fish-mongers & chicken sellers, as well as in supermarkets and with street vendors.
Why is there inflation when there is supposed to be none? Hence, today’s piece about the outlook on inflation.
Inflation is bad
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