Inflation, rates and dividends: A financial review of 2021
Best of the Spectator
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Is There a Longer Run of Inflation?
Inflation is no longer transitory, at least by its technical definition. The prime minister and some of the cabinet now believe in the magic money tree. There has to be common sense approach that says we've just borrowed a gigantic amount of money. That's very unnatural. And i am very dubious whether monetary tools can do very much to stop this bout of inflation.
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