tag:blogger.com,1999:blog-3395240.post110207198014785371..comments2024-01-08T16:59:20.338+00:00Comments on Freedom and Whisky: Put not your trust in politiciansDavid Farrerhttp://www.blogger.com/profile/09483264039944116992noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3395240.post-24073794456353638192012-11-04T16:09:42.307+00:002012-11-04T16:09:42.307+00:00Andy Wood
Paul:
No, I don't agree. The hig...<br /><br /><br /><br />Andy Wood <br />Paul: <br /> <br />No, I don't agree. The higher interest rates in the inflationary world do compensate for the devaluation of your investment. Consider the two worlds 0% inflation, 2% interest rate and 3% inflation, 5% interest rate. <br /> <br />After 1 year, £100 in the bank will become £102 in world 1, and £105 in world 2. Suppose now that a widget David Farrerhttps://www.blogger.com/profile/09483264039944116992noreply@blogger.comtag:blogger.com,1999:blog-3395240.post-2072093525067771622012-11-04T16:09:23.571+00:002012-11-04T16:09:23.571+00:00David Farrer
I see what you mean Andy. The lender...David Farrer <br />I see what you mean Andy. The lender would demand increasing interest but that itself would be anticipated in the WoodWorld scenario. <br /> <br />Of course in the real world no one anticipates inflation absolutely correctly. As Friedman writes: <br /> <br />The effects of unanticipated or misanticipated inflation on debtors, creditors, employers and employees are all special David Farrerhttps://www.blogger.com/profile/09483264039944116992noreply@blogger.comtag:blogger.com,1999:blog-3395240.post-36634546664791967912012-11-04T16:08:46.399+00:002012-11-04T16:08:46.399+00:00Comments made on previous template:
Roland Watson...Comments made on previous template:<br /><br />Roland Watson <br />Some "experts" suggest 5%-10% of your portfolio in gold. I also like silver but it attracts VAT here unlike gold. <br /> <br />The buy-sell spread on gold is only a a few % each way, so not bad.<br /><br />23 December 2004, 14:31:31 GMT<br />– Like – Reply<br /><br /><br /><br /><br /><br />Squander Two <br />Invest in David Farrerhttps://www.blogger.com/profile/09483264039944116992noreply@blogger.com