Inflation is Now the Lesser Evil
It is time for the world’s major central banks to acknowledge that a short burst of moderate inflation would be extremely helpful in unwinding today’s epic debt morass. It may not be fair, but fear of inflation, when viewed in the context of a possible global depression, is like worrying about getting the measles when one is in danger of getting the plague.
CAMBRIDGE – It is time for the world’s major central banks to acknowledge that a sudden burst of moderate inflation would be extremely helpful in unwinding today’s epic debt morass.