Gaddafi More Savvy Economist than Ed Balls

RPI rose to 5.5% year-on-year in February – even higher than consensus economists expected – again. The FT reports this morning that Gaddafi is sitting on $6.5 billion of gold in his war chest.  Gold of course is the great inflation hedge throughout history. Britain on the other hand sold off her gold reserves at the behest of Ed Balls when he was at the Treasury. Who is more mad?




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