How chasing the sugar rush of monetary infusions gave us high inflation

South China Morning Post/Richard Harris/6-1-2023

“High inflation is the dominant economic narrative of 2023. It exposes the biggest misstep in recent economic history, which was the continuous injection of large amounts of money by policymakers into the world economy following the global financial crisis of 2008.”

USAGOLD note: Some solid background on how we got where we are now from an expert on Asian markets who formerly held senior positions at JP Morgan, Citi and BNY Mellon. He ends with an interesting comment: “Across London, the fact that the Bank of England, well endowed with economics PhDs, still has ‘very big lessons to learn’ about inflation indicates that the future of economic mismanagement is secure.”