I recently entered the world of book swapping. For the uninitiated, these are websites that allow users to send and receive books with others without sending any money directly. The two major players, PaperBackSwap. My question to readers is whether inflation is possible on these sites? If so, under what situations would it manifest and what be its effects? Do allow variable prices. Long live the blog! .

April 5, 2010 by The Young Economist. In 2009, recession shook Britain as the economy shrank at its greatest rate since the war, bringing business closures, spiralling unemployment and a housing market collapse. The year 2009 was shocking for the world economy. Global output fell for the first time since the 1930s depression, yet it was possibly not quite as hard-hitting as many had feared twelve months ago, when the whole fiscal system was close to breaking down. How will we manage? .