The History of Financial Repression

Financial repression is essentially keeping interest rates super low, allowing inflation to occur. It effectively slides the economy along the continuum from market economy towards command economy. But there is a way that you can control inflation without putting up interest rates or increasing the size of bank balance sheets. I would say it still gets hyperinflation because the government is very keen to get a reasonable level of bank credit and higher than we've seen at the age of concert growth.