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Are Transfer Payments Creating More Inflation?
Do you see that being sort of a universal thing across the west? And then how does that interact with potential rate increases? Yes, there wasa, i think i was in the f t to day, ther prime minister of spain was saying to the e u. We need help because theyr. Electricity prices are basically pinned to spot gas prices. Now, does that create more inflation? Maybe. The answer is, usually yield curve control. That's what the us. Did in the 19 forties and fifties,. thirties, forties, fifties, where you cap yields so bond yields don't destroy the debtors. Inflation eases the debt