This is the Burning the Midnight Oil Midnight Thought for tonight … which will be found in Burning the Midnight Oil for Sensible Economics … but not until later tonight (Wednesday).
Posted here because … well, Docudharma blogs the future. Yeah, normally further ahead in the future than three or four hours, but if I didn’t already have this part in the draft diary queue, ready to go, I’d have no idea what I was going to say.
And, yes, the two most important parts of the Midnight Oil are, first, the commentary that follows and, second, the diary roll, so what I’m giving you here is a Bronze Medal … that is, the Midnight Oil clip and snippet from the lyrics. And then, of course, the Midnight Thought which finishes, as they say in Oz, “just outside the medals”.
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Midnight Thought
The time has come to talk about … Inflation.
Oh, c’mon, wake up! You, there in the back, I see you dropping off to sleep. Yeah, its late for some of your, get a cup of coffee or tea or something. This is serious. Start talking about economics and people just {mutter mutter mutter}
Is there any question that we are facing a threat of inflation? No, of course not.
The question is, which inflation are we facing?