New Home Owners And Snagging Forum
Investments => Financial Markets and the economy => Topic started by: The Prophet on November 23, 2011, 09:15:50 am
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With inflation at 5% a nominal £1000 invested in a savings account paying no interest would be worth only £952 in real terms after a year. So inflation suits borrowers as it erodes their debt.
Quantitative easing, printing more money does not create wealth, it reduces the purchasing power of the existing money in supply.
A calculated government devaluation of our currency.