An Inflationary Catch-22

An Inflationary Catch-22

The perpetual thorn in policymakers' side during the post-crisis era has been inflation or, more appropriately, a lack thereof. No matter what central banks have tried, the deflationary impulse has proven to be remarkably stubborn and paradoxically, QE might well have contributed by preventing creative destruction from purging excess capacity. Japan's struggle has been particularly amusing to behold. The central bank has even resorted to creating new measures of inflation in a desperate attem
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One thought on “An Inflationary Catch-22

  1. Can the EU stay together or even survive the elections if the ultra-conservatives win??? If the EU doesn’t survive what does Europe look like???

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