Former JPMorgan Economist: We Are Heading Towards A Weimar Republic Inflation Setup | Zero Hedge
On April 27, 2020 CNBC ran a story on “Why the coronavirus crisis may prompt central bankers to scrap inflation targeting”.
If central banks indeed abandon or modify inflation targeting we will certainly be crossing the Rubicon. Admittedly, there is no other way in answering the above questions.
Policymakers continue to be behind the curve and obviously failed to learn from 2008/2009. Their last resort is printing money and creating more debt. If central banks have no or a soft-washed inflation mandate we are heading towards a Weimar Republic style inflation setup.
Then there’s this. Here’s the thing. Experts who are much more deeply informed than I disagree utterly about something that profoundly affects my interests. Usually, I can tell if one side or the other is full of it. In this case, I can’t, at least not yet. But I have to try, don’t I?