Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Infrastructure is wealth.

It's indirect wealth - it doesn't live in warehouses, and people can't buy it directly.

But if breeds wealth in the same way that lack of infrastructure - including lack of banking infrastructure - destroys it.

If you're losing spending power, it doesn't matter if you're losing it to inflation or because items are piling up in the docks because no one can offer a credit line for it.

There's also the subtext that 'inflation' is often really just code for 'worker power.' But that's for another diary.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Mon Oct 13th, 2008 at 05:42:45 AM EST
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