How Inflation Routinely Kills People

The first way is by making many people poor enough that their life expectancy falls because of degraded living conditions. Besides poor people have a lot less access to the kind of medical options that richer people have. For example because he had a  HYPERLINK « http://www.cultofmac.com/296364/jony-ive-now-owns-steve-jobs-gulf-stream-jet/ » \t « _blank » Gulfstream V Steve Jobs was able to seek a liver over a much bigger distance – wherever his plane could take him in 6 hours – than someone without a jet.??Inflation is also a key driver of inequality. Especially that  HYPERLINK « https://www.youtube.com/watch?v=Ri_X-YI-h_o » \t « _blank » we now know that the inflation of the poor is about 3% higher than the headline number. Inequality will  HYPERLINK « http://kozelidir.blogspot.com/2012/02/riots-break-out-in-reunion-over-cost-of.html » \t « _blank » bring people to the streets – like in the  HYPERLINK « http://en.wikipedia.org/wiki/Arab_Spring » \l « Causes » \t « _blank » Arab Spring and elsewhere – and clashes may cause loss of lives.??Of course if inflation is very high things can get very ugly. And that too on a horrendous scale. Like in 1930s Germany where hyperinflation helped put a little guy with a moustache in power. And the world eventually went to war:  HYPERLINK « http://en.wikipedia.org/wiki/World_War_II » \l « Casualties_and_war_crimes » \t « _blank » between 50 and 85 million people died in WWII.??No wonder then that Central Banks have been setting inflation targets for  HYPERLINK « http://kozelidir.blogspot.com/2009/12/inflation-targeting-turn-20.html » \t « _blank » more than 25 years now – roughly the period of time Lutchmeenaraidoo was not Finance Minister. With the  HYPERLINK « http://kozelidir.blogspot.com/2011/09/how-employers-can-pay-smallest.html » \t « _blank » blessings of their governments. As inflation is a major reason why politicians lose power. In fact we owe it to Governor Basant Roi for  HYPERLINK « https://www.youtube.com/watch?v=qwxcdKi9xYw » \t « _blank » one of the best descriptions of inflation so far – he likened it to radioactivity. Which makes it all the more interesting to check his inflation record. And compare it to Manou Bheenick’s.

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