Bank of England boss Mervyn King set to write inflation letter to Chancellor George O

[AtW]

In order to save the economy in the medium term, basically money needs to be taken from those that have saved it - and handed out to those who have borrowed it. Now if any government announced this officially, there would be riots. But a policy of low interest rates and high inflation does just that.

Savers don't have enough money to bail out debters, even printing money isn't enough so they are going for the "inflation" option claiming otherwise deflation will kill us all

[TimberWolf]

Savers don't have enough money to bail out debters, even printing money isn't enough so they are going for the "inflation" option claiming otherwise deflation will kill us all

I think it was a Wiki article that I read some time ago that said governments always lie about inflation. And the lies get bigger the higher it gets.