Send an Email
Favourite Sites
  • Whitney Tilson
  • Recommended Booklist

  • Favourite Blogs
  • Calculated Risk
  • Reflections on Value Investing
  • "The market can remain irrational longer than you can remain solvent" - John Maynard Keynes

    Sunday, September 04, 2005


    High inflation makes people happy

    Apparently from newly published research by Peter Sanfey and Utku Teksoz, of the European Bank for Reconstruction and Development, based on data from the World Values Survey has identified that there is a positive correlation between inflation and happiness:

    "But money and history are not the whole tale. Some people (Czechs, for example) are happier than their national income per head would suggest; others (such as Slovaks) are much gloomier. Such variations are partly explained by three things. One is inequality, which is particularly resented in post-communist countries. Second is the extent of economic reform: those that have moved least, like Belarus, are the most miserable. Third, and rather oddly, higher inflation seems to make people happy--perhaps because the alternative, curbing it, means cuts in social spending."

    I already believe there are lots of reasons that western governments will be leaning towards inflation, demographics, debt, history and now politics. Happy voters are more likely to support those that maximize their happiness and in this case those that offer more than they can afford too and make the difference up with inflation.
    Comments: Post a Comment

    << Home


    April 2003   May 2003   June 2003   July 2003   August 2003   September 2003   November 2003   January 2004   February 2004   March 2004   April 2004   May 2004   June 2004   July 2004   September 2004   October 2004   February 2005   March 2005   April 2005   May 2005   June 2005   July 2005   August 2005   September 2005   December 2005   April 2006   May 2006   June 2006   January 2007   December 2007   February 2008   April 2008   May 2008   June 2008   July 2008   August 2008   September 2008   October 2008   November 2008   December 2008   January 2009   April 2009   May 2009   July 2009   August 2009   September 2009   October 2009   January 2010   February 2010   April 2010   July 2010   August 2010   October 2010   November 2010   January 2011   February 2011   April 2011   June 2011  

    Disclaimer and Disclosure Analyses are prepared from sources and data believed to be reliable, but no representation is made as to their accuracy or completeness. I am not paid by covered companies. Strategies or ideas are presented for informational purposes and should not be used as a basis for any financial decisions.
    To reduce Spam click here for my email address.

    This page is powered by Blogger. Isn't yours?