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petrol spent on heating bills, fuel bills, petrol bills and so on, this leaves less money petrol bills and so on, this leaves less money to go around ever else. and that less money to go around ever else. and that is less money to go around ever else. and that is the point, isn t it, kevin? it takes us back to the point earlier about stagflation. why is it is so damaging is the effect of the inflation causes people to stop spending on other things, partly because the things they have to spend on our costing more, but also partly because they are fearing for the future, so that makes them less likely to risk big investments and all the rest of it. that has an impact on the other bits of the economy, so while the inflation continues to go up, even though in normal circumstances it ought to stop going up, because the demand is not quite as mad, actually, it has carried on going up in economy meanwhile is tanking under it, because people are not spending. is a pretty ....

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