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Inflation - Is It the Most Likely Scenario?
It is amazing how much we're monotising rightnsgowe, infinity, and there's more to come. I mean, if we could have inflation of four, five per cent, in many ways, that would solve a lot of our problems. But the advanced economies have not experienced those kind of inflation rates for a long time. And i think for me, one of the reasons iam sceptical about a strong inflation scenario is it's not obvious to me that we have,. as it were, the sociological guts that would allow us to do so....