02/04/2017 - Carmen Reinhart: Central Banks Tolerate Higher Inflation To Help Erode Massive Debt In Their Economies
“There may be yet another factor motivating major central banks’ tolerance for higher inflation. But their leaders may be unwilling to acknowledge it openly: as I have argued elsewhere, a steady dose of even moderate inflation will help to erode the mountains of public and private debt advanced economies have built up in the past 15 years or so.”
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