Viewpoints
Opinion

Inflation Is Not a Social Policy

Inflation Is Not a Social Policy
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Commentary

Central banks continue to be obsessed with inflation. Current monetary policy is like the behavior of a reckless driver speeding at 200 miles per hour, looking in the rearview mirror, and thinking, “We haven’t crashed yet. Let’s accelerate.”

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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