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Paying a Heavy Price for Central Banks’ Money Creation: FT

In contrast, the leading western central banks — the Federal Reserve, the European Central Bank and the Bank of England — did not target or worry about money and credit, while actively promoting a major expansion to offset the impact of lockdowns and supply chain interruptions on general activity. Each of them continued the money creation drive well into the recovery and have ended up with inflation nudging double figures.
Posted: 2022-08-05 05:20:25.000000

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