Quotation for Today, Tuesday 10 March
March 10, 2009
“Economic theory will tell you that inflation is going to rise – and that inflation will be exported around the world.”
Key explained to the Journal that he understood how the US was constrained to use inflation as an interim tool to crank the economic engine up again.
“But longer term”, warned Key, “inflation is cancerous to your economy.”
John Key – interviewed by the WSJ, as quoted in today’s NZ Herald
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Indeed, that is a good quote