A new generation in Britain has experienced the pain of high inflation. For a long time price stability has been taken for granted. Occasionally, in the past one might have heard the suggestion that a little bit of inflation would be no bad thing. Few people can think that now. Inflation is a profound evil. It cheats savers, worsens living standards, promotes instability and labour unrest and undermines confidence. Inflation is the most important immediate problem we face. This is not to downplay growth, but we cannot have sustained growth without first getting on top of inflation. Sound finance, stability and low ... (full story)