Interesting Inflation News Links (February 25, 2009)

* Rail fare reduction: taxpayer will pay in the end (Times Online)

The one thing passengers have been able to rely upon since rail privatisation 13 years ago is that ticket prices always go up.

* Rail firms told to accept fare cuts (Dan Milmo, Guardian Unlimited)

The government is to boost recession-hit rail passengers by allowing fares to fall next year in a move that could force some train operators to hand back their franchises. The rail minister, Lord Adonis, has told train companies that he will not reverse a looming drop in ticket prices.

* Cheaper rail fares as operators told to slash prices (Matthew Moore, Telegraph)

The cost of rail travel has been rising faster than the rate of inflation but operators will today be told that fares must fall as the economy suffers.

* Inflation Fears Are Folly (Tom Sullivan, Wall Street Journal)

INFLATION, THE BANE OF FIXED-INCOME MARKETS , took a more prominent place on the bond market’s worry-list last week, and bond investors love to worry. But I, for one, am not feeling the love.

* Thinking anew on UK monetary policy (Martin Wolf, The Financial Times)

The Nice non-inflationary, consistently expansionary decade has gone. The next decade is going to be nasty. It is time to start learning lessons. Niceness proved a mistake.

* Zimbabwe PM: Mugabe agrees to free detainees (Angus Shaw)

The prime minister in Zimbabwe’s new coalition government said Wednesday that President Robert Mugabe has agreed to free political prisoners, but the attorney general was “willfully obstructing” releases.

* Train operators face fare cuts (Robert Wright, The Financial Times)

Some train operators look set to suffer a damaging combination of falling traffic and declining fares after official figures showed reductions in passenger numbers on some routes and a government minister said some ticket prices could fall.

* China nears deflation trap as rail freight collapses (Ambrose Evans-Pritchard, Telegraph)

The countrys central bank said the economic outlook was going to bad to worse was still gathering pace, rains the risk that China could tip into a Japan-style deflation trap.

* Letter to the Editor – February 23 (Globe Link)

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers co…

* Facts, not rhetoric (Bettendorf News)

I have been reading comments on the editorial page clouded by the political leanings of the individual which seem to disregard the facts. So here are the facts:


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