Though the economy is in a tentative recovery, rising public debt suggests that we will have recourse to methods of financial repression as well as higher inflation
This economic crisis is the fastest and deepest on record
Conventional policy solutions for a highly unconventional shock won’t work. We will need different coping mechanisms
A future of debt and inflation
Unlike the aftermath of the 2008/9 crisis, this one is much more likely to end up with a rise in inflation
China risks credit-fuelled Minsky moment
First published: Financial Times, 03/05/2011
China is widely seen as a beacon of sustained economic expansion and financial stability,