Loading ...“Our overarching expectation is that the next 1-2 years will involve a substantial (by the standards of the past 10 years) increase in what most people think of as “inflation”. Central bank money-pumping, commercial bank money creation, the general belief that central banks have gone too far in their efforts to promote “inflation” and an increase in the use of fiscal stimulus leading to accelerated growth in government indebtedness will contribute to the loss of money purchasing power. The key, however, will be the spreading realisation that central banks have begun to act with the express purpose of monetising government deficits.”
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