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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.
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