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Daniel Lacalle
“Central banks continue to be obsessed with inflation. Current monetary policy is like the behaviour of a reckless driver running at 200 miles per hour, looking at the rear-view mirror and thinking ‘we have not crashed yet, let’s accelerate’.”
USAGOLD note: A different view of the real inflation level in this well-constructed essay that ends with familiar conclusions about the winners and losers ……
Repost from 11-4-2020
The post Inflation is not a social policy first appeared on Today’s top gold news and opinion.