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	<title>Comments on: Wokingham Times</title>
	<atom:link href="http://www.johnredwoodsdiary.com/2007/12/17/wokingham-times-4/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.johnredwoodsdiary.com/2007/12/17/wokingham-times-4/</link>
	<description>Conservative Party Member of Parliament for Wokingham</description>
	<pubDate>Sun, 12 Oct 2008 12:17:56 +0000</pubDate>
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		<title>By: mikestallard</title>
		<link>http://www.johnredwoodsdiary.com/2007/12/17/wokingham-times-4/#comment-15442</link>
		<dc:creator>mikestallard</dc:creator>
		<pubDate>Mon, 17 Dec 2007 20:30:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/2007/12/17/wokingham-times-4/#comment-15442</guid>
		<description>I have been thinking about this.

Debt is 1.3 trillion, apparently.
House prices are impossibly high.
Everyone is beginning to want more pay as the government wrecks their job satisfaction.
The banks want more money in circulation.
The Government wants to spend more and more.

So surely the answer must be inflation? It would cut back all of the above to manageable proportions.

The losers would, of course, be people like me. Fixed pension, savings in the bank (not much, but enough, at the moment), no house.

Once again, I feel I am in the path of a huge lorry hurtling down upon me. I can - as ever - do nothing about it.
Have you read this week's Spectator. Look up Low Life and see how angry people are becoming as they grow more and more impotent.

reply: I do not think inflation is the problem, once the impact of higher food and energy has worked through in the next few weeks. The credit crunch has changed that looking out into later 2008 and 2009.</description>
		<content:encoded><![CDATA[<p>I have been thinking about this.</p>
<p>Debt is 1.3 trillion, apparently.<br />
House prices are impossibly high.<br />
Everyone is beginning to want more pay as the government wrecks their job satisfaction.<br />
The banks want more money in circulation.<br />
The Government wants to spend more and more.</p>
<p>So surely the answer must be inflation? It would cut back all of the above to manageable proportions.</p>
<p>The losers would, of course, be people like me. Fixed pension, savings in the bank (not much, but enough, at the moment), no house.</p>
<p>Once again, I feel I am in the path of a huge lorry hurtling down upon me. I can - as ever - do nothing about it.<br />
Have you read this week&#8217;s Spectator. Look up Low Life and see how angry people are becoming as they grow more and more impotent.</p>
<p>reply: I do not think inflation is the problem, once the impact of higher food and energy has worked through in the next few weeks. The credit crunch has changed that looking out into later 2008 and 2009.</p>
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