Viewpoints
Opinion

Central Bank Digital Currencies Could Bring Hyperinflation

Central Bank Digital Currencies Could Bring Hyperinflation
An eagle tops the U.S. Federal Reserve building's facade in Washington on July 31, 2013. Jonathan Ernst/Reuters
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Commentary

There are many excuses often used to explain inflation. However, the fact is that there’s no such thing as “cost-push inflation” or “commodity inflation.” Inflation isn’t an increase in prices; it’s the destruction of the purchasing power of the currency.

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