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(Untitled) Nov 4th 2013, 21:58, by noreply@blogger.com (Cliff Küle) Extraordinary Inflation In Credit Has Burdened The World With Debt WHO WAS MEASURING THE INFLATION IN CREDIT MONEY SINCE 1980? Dylan Grice explains the language of inflation .. "Inflation is not measurable. We can summarize our views on money with similar succinctness: it is poorly understood. And as for the economy, we know only this: it is a complex system. From these observations can be derived a straightforward corollary on economic policy makers: trying to control a variable you can't measure (inflation) with a tool you don't fully understand (money) in a complex system with hidden, unobservable and non-linear interrelationships (the economy) is a guaranteed way to ensure that most things which happen weren't supposed to happen." .. Grice emphasizes one of these unintended consequences with inflation targeting has been the unprecedented inflation of credit which today leaves the world burdened with debt as it has never been burdened before .. concludes: "One day the price of capital will reflect its underlying scarcity, because one day it must .. gold is the oldest and purest capital there is." LINK HERE to the Edelweiss Journal

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