John At The Center

I was at presentation a couple of years ago at the Asia Society on China, and one of the panelists observed that if you wanted to design a system guaranteed to produce hyperinflation, it would be hard to do a better job. The global financial crisis has provided a wee bit of a respite on that front for China; we’ll see, when world growth resumes, if this view proves correct.

via Inflation in China at 15%? « naked capitalism.