Furthermore, the procedure inflates programme expenditure, giving an inaccurate picture of programme delivery.

You pull this cord and the gas bottle inflates the thing and you don't sink.

For instance, this is a beautiful container for asthma medicine that kind of inflates itself when it's time for you to take the medicine, so the child has to go pffff! to release and relieve the container itself.

But if, for whatever reason, the global economy fails to take off, we will have to reconcile ourselves to a long period of mediocre growth in which cheap capital depresses yields, drives up asset prices, inflates bubbles, and seeks out trophy assets. These are not the sort of imbalances to which the world s policymakers should aspire.