Saturday, May 7, 2011

China should do like Singapore to fight Inflation

Jim Rogers : Here in Singapore, they’ve allowed their currency rise to mitigate inflation. I expect the Chinese will eventually have to do the same thing.

You’re better off cutting growth in advance, than allowing inflation to get out of control. If growth drops to 3%, who cares? That’s better than letting inflation get out of control, because once it does, it’s very tough to rein in.

Then you have to incur a recession or worse to control inflation. - in