On February 11, European leaders were discussing the threat of a state insolvency in the eurozone. The next day, a paper co-authored by the chief economist of the International Monetary Fund proposed that central banks increase their inflation targets from 2 to 4 per cent.* We should not be surprised if people who are prone to conspiracy theories are beginning to see a pattern: the world will deal with the increase in private and public debt through default – directly, indirectly through inflation, or both. I myself do not believe that this is how debt reduction will in fact happen. But I am concerned by the readiness of macroeconomists to embrace higher inflation as a quick remedy.
2月11日，欧洲领导人还在商讨某个欧元区国家无力偿债的威胁。第二天，国际货币基金组织(IMF)首席manbetx20客户端下载 学家参与执笔的一份文件便提议，各央行应将通胀目标从2%提高至4%。* 如果倾向于阴谋理论的人开始从中看出了某种模式，我们不应感到惊讶：这个世界将以违约的直接方式，或通胀的间接方式应对私人与公共债务的增加，或者两者兼用。我本人并不相信，债务削减真的会以这种方式发生。但宏观manbetx20客户端下载 学家们欣然接受以较高的通胀率作为快速补救方案，这让我深感不安。