Tuesday, April 08, 2008

The political cost of pissing me off

In response to The Economist's briefing titled, "The political cost of inflation"

We should note that Vietnamese workers are showing signs of unrest despite being under the thumb of a controlling, one-party government. There is indeed a political cost to be paid for double-digit inflation, but let's not forget that individuals are paying the real costs of inflation around the world.

At least the common man can begin to appreciate the growing income gap under a high inflation regime. Rising prices can have almost zero political cost, so long as you put the frog in the pot before you start boiling.

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