The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
What is the relationship there? Pensions weren't yet privatised when this happened to pensioners in ex-communist states. Methinks this has more to do with the model of retirement funds as a pot of lifetime savings, whether private or state-run.
And the short-term solution to imported inflation - interest rate hikes or austerity in order to improve (or defend) your terms of trade with RoW - works at cross purposes with the industrial policy required to reduce your import dependencies.
Does that apply to basic food items and heating fuel?
Let me add a third problem I see with the inflation narrative: on the side of wealthy people. What inflation eats away at is the value of their assets. If they can decouple at least a good part of their income from asset prices and keep their assets (bee it gold or stocks in companies not going bust or means of production), then they don't loose anything physical, and the value of those assets will rebound in the next rally. I imagine this is not something that can't be countered with some nice taxes on wealth, but don't you agree that the rich don't automatically suffer the inflation route?
One whose delusions are out of fashion.
by DoDo - Sep 30 3 comments
by Crazy Horse - Sep 29 20 comments
by Frank Schnittger - Sep 29 19 comments
by Frank Schnittger - Sep 27 4 comments
by afew - Sep 22 10 comments
by Cyrille - Sep 24 130 comments
by Migeru - Sep 21 33 comments
by Frank Schnittger - Sep 19 27 comments
by DoDo - Sep 303 comments
by Crazy Horse - Sep 2920 comments
by Frank Schnittger - Sep 2919 comments
by Frank Schnittger - Sep 274 comments
by Cyrille - Sep 24130 comments
by afew - Sep 2210 comments
by Migeru - Sep 2133 comments
by Frank Schnittger - Sep 1927 comments
by Democrats Ramshield - Sep 18
by A swedish kind of death - Sep 1529 comments
by ChrisCook - Sep 1455 comments
by Frank Schnittger - Sep 11129 comments
by Luis de Sousa - Sep 969 comments
by Crazy Horse - Sep 610 comments
by Migeru - Sep 438 comments
by Metatone - Aug 305 comments