Inflation

July 19, 2023

Greedflation?

The last three years have brought many old ghosts to Europe. The COVID-19 pandemic was the biggest health crisis since the Spanish flu, wars have erupted again on European soil after decades of peace, and inflation, a long-gone foe for the bureaucrats in the European Central Bank, has struck again.
June 18, 2020

Inflation: the Next Threat?

The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.