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Thursday, May 22, 2008

Signs of an inflationary age

Thought provoking article by Sumita Kale in MINT .

.......As Joschka Fischer, Germany’s former foreign minister, wrote last year: “The Club of Rome’s basic insight — that we live and work in a finite global ecosystem, with exhaustible resources and capacities — has returned to challenge us again.” It is not a question any longer of whether a 5% inflation or a 3% inflation is tolerable; increasingly it appears to be a question of sustaining the human population on the planet. It is time to step back and look at the larger picture of what the prices are signalling.

Posted by Savitha Rao at 10:09 PM  

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