An Amateur Classicist's Review of Political Philosophy, Theology, and Literature, with Occasional Reflections on the Age That Is Passing
But this is good. The lower the dollar, the less we're getting screwed by undervaluation in the Asian currency market. Besides, the Brits deserve a break. When they can buy a video iPod for £80 it will make up for the humiliation they've suffered in the last sixty years or so.¡Viva la inflación!
Inflation is supposed to be a negative for the stock market. Witness the 1970s, when we had increasing inflation and a lower stock market, which is why everyone fled to money markets paying 14%. The stock market corresponds mostly to GDP growth, not CPI growth.
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