“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
Ernest Hemingway, “Notes on the Next War: A Serious Topical Letter” , 1935
What I hear more and more, both from bankers and from economists, is that the only way to end our
financial crisis is through inflation. Their argument is that high inflation would reduce the real level of debt, allowing indebted households and banks to deleverage faster and with less pain.
您已阅读11%（585字），剩余89%（4782字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。