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Friday, September 14, 2012
14/9/2012: 36 years of state-incentivised inflation?
Some historical (up to August 2012) charts on Irish CPI. Orange bars mark state-dominated categories of goods and services. Interpret these as you wish. Summary table at the end is pretty much self-explanatory:
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“It is not true that people stop pursuing dreams because they grow old, they grow old because they stop pursuing dreams.” Gabriel García Márquez
Nassim Nicholas Taleb was asked whether public protests in Athens is a Black Swan Event. He replied: “No. The real Black Swan Event is that people are not rioting against the banks in London and New York.”
"Getting worse more slowly is not the same as getting better", Prof. Brad DeLong