Unemployment will contain our inflation - up to a point. Economic policy in China will have an upward impact as well. The large population developing countries will continue to industrialize and consume greater quantities of materials and manufactured goods. Lots of variables and very complex.
Inflation never solves problems – it just redefines them.
As for Banana Republic and Third World – I lived in the “Third World” for half my life, my wife and children were born and raised there, where we still have lots of family and friends, as well as many close and personal ties to “banana republic” inhabitants. The terms themselves are derogatory, and my experience is they are used most by people that understand them the least and rely on biased and stereotypical imagery to make points they are unable to make intellectually. ‘nuff said on this...
Inflation never solves problems – it just redefines them.
As for Banana Republic and Third World – I lived in the “Third World” for half my life, my wife and children were born and raised there, where we still have lots of family and friends, as well as many close and personal ties to “banana republic” inhabitants. The terms themselves are derogatory, and my experience is they are used most by people that understand them the least and rely on biased and stereotypical imagery to make points they are unable to make intellectually. ‘nuff said on this...