Wednesday, 25 January 2012

Chocolate Inflation

In the car journey coming back from Toulouse after a weekend with my sister in law, I was reminded of a story from last Easter. I’ve always known that the French are very close to their pennies, but I hadn’t realized how that starts at such an early age. Maxime was two and a half last Easter. We took him on an Easter egg hunt put on by the mayor of Biarritz. Maxime found a number of eggs and happily stuffed them into his pockets. So far, so normal. However he then proceeded to put his hands in his pockets to protect his eggs. This had a number of unforeseen consequences including; the inability to put more chocolate eggs in his pocket, an increased propensity to fall over when running around looking for more eggs that he couldn’t put in his pockets, and the melting of the chocolate eggs he had already placed in his trousers…..The secret Economist in me wonders if there are any wider parallels to consider for all Europeans ahead of impending double dip recession and Euro currency defaults (both Keynesian and Monetarist)?

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