Reports on monetary policy See all

A cartoon highlighting the pernicious nature of inflation

The first panacea for a mismanaged nation is inflation

Inflation is a grave economic and social illness. The policymakers and central bankers who colluded in running up excessive public debts and rigging monetary policy to sustain them might silently have been praying for higher inflation rates for quite some time. Finally, they are getting their wish. But for the rest of us, this is terrible news

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