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Fool's Gold /resources/news/general/1487-Fools-Gold

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Fool's Gold

30 March 2010

Depending on your age, the mention of the word inflation will have a different meaning for you. For anyone in their 30's, inflation has been more or less irrelevant. Depending on your age, the mention of the word inflation will have a different meaning for you. For anyone in their 30's, inflation has been more or less irrelevant. It has been quite low and frankly not much to get too excited about, but then again you will not have known anything different and perhaps wonder why some of the older 'fogies' seem to get quite concerned about it.

For any of us in our 50's, we can recall the double digit inflation of the 1970's with probably a somewhat mixed view. We will remember that the British economy was in a disastrous state, often with the tag of the 'sick man of Europe' being applied. From the three day week in the miners' strike, to several Winters of Discontent and a peak of union militancy