When do you expect hyper-inflation to kick in?

[sweetandsour]

Blanchflower (former BoE policy maker) says BofE may expand UK money-printing...

bloomberg article

I am genuinely scared that the people in charge are going to keep going for the easy option (QE, or printing money) until suddenly the hyper-inflation kicks off, and then it'll be too late to do anything about it.

From the article he seems to think that they know how the "stamp out inflation" button works now:

Blanchflower said he’s less concerned about accelerating inflation in a few years than the possibility of a period of falling prices.

“We have the tools to deal with rising inflation,” he said. “Obviously we still have the interest-rate tool, and then you can just reverse the purchases of gilts. You can sell them again. The bank knows exactly what to do on the upside. The worry always, in all of this, is deflation.”

I worry too that they have forgotton how difficult it was to get inflation under control in the first place; they have already shown that the inflation target can be set aside when there are other issues to consider; and that they will find the medicine too painful to administer when it is needed.

[TheRefactornator]

I've plumped for September, but it could be a little later in the couple of months following. BOE interest rates are to start rising a few months time for sure. I don't see the Conservatives having any recognisable impact on something that is now completely out of all poilitical control.

[Menelaus]

Has QE ever been tried previously in the UK??

What happens if it doesn't work??

How will we know??

What will we need to do to rectify??


PZZ

If it doesn't work - Google lost decade, Japan.

[The Lone Gunman]

Yes, but that also will mean that your house is one month work worth.

I am not worried what it is worth, I am concerned as to how much I owe and how long it will take to pay off.

[Fred Bloggs]

I've plumped for September, but it could be a little later in the couple of months following. BOE interest rates are to start rising a few months time for sure. I don't see the Conservatives having any recognisable impact on something that is now completely out of all poilitical control.

Correct. Sad to say, but I'm now convinced that the UK is truly MacDoomed, big time. We recovered from the 70's and 80's anarchy, thanks to Mrs T, largely. But we don't have the real wealth creating capacity now to recover. Ever.

[sweetandsour]

Correct. Sad to say, but I'm now convinced that the UK is truly MacDoomed, big time. We recovered from the 70's and 80's anarchy, thanks to Mrs T, largely. But we don't have the real wealth creating capacity now to recover. Ever.

Weren't the doom-mongers in the early 1980s saying pretty much the same thing about how the country would go into terminal decline if it lost its coal-mining, ship-building, car-making and other manufacturing industries?

But despite that, the last fifteen years have been pretty damn good for me so I am sure that there is some hope.

[HairyArsedBloke]

'Danny' Blanchflower is a T0sser.

[Pickle2]

What happens if it doesn't work??
How will we know??
PZZ

Long drawn out period of deflation, a la Japan.

[Platypus]

If it means my earnings in Euros rocket against the pound then the sooner the better!

Absolutely! The pound's recent rise has cost me dearly

[BrilloPad]

Done it. My Poll virginity is over

Not a very imaginitve andyw option : hope you do better next time.