John Maynard Keynes gave us the definition of inflation for the modern era adding a few causes and cures. One cure is printing enough money to create growth and jobs to promote economic growth. Well, we have printed money! In 2020 alone we poured some $5 Trillion into the economy or enough money to lay $100 bills end to […]
Tag: INFLATION
Inflation: The Facts
The “pink paper” – The Financial Times – recently took up the question of inflation and in doing so, Stefan Legge, PhD at the University of St Gallen dug up a lovely quote from no less than Adam Smith in an auspicious 1776: “When national debts have once been accumulated to a certain degree, there […]