"The more extra money you print, the more it loses its value and what happens is the prices start to rise ... so money becomes worthless ... we haven't got inflation at the moment, but when we had it prices go up, which is bad for people."
For more in this vein, tune in to ITV1 at 6.45pm tonight to watch 10-year-old Little Ant and Dec interrogating the PM in No 10. The youths urge Mr Blair to try a Turkey Twizzler. You've got to admit that Jamie Oliver is not a model of counter-inflationary prudence.
