The Telegraph has posted this opinion piece, raising some interesting questions about inflation and some arguably ill-conceived attempts to remedy the global financial crisis.
The article is but a succinct and provocative note; simply food for thought. Interestingly, Hutchinson fails to mention that while the Weimar Republic was over-printing currency, they were also using that falsely-valued money to pay back deficits and balance the budget (a move that was theoretically foolish in 1923 and proven to be plain stupid for 2009).
Additionally, I have a personal gripe: Hutchinson quotes the “great economist Maynard Keynes,” who seems to be universally loved by all Britons. Talk about buzzword name-dropping; must every self-important scholar invoke Keynes? The man was undeniably influential, but now that Alan Greenspan has lost his demi-god status, must it be granted to Keynes posthumously by overly romantic jargonists?
