Why Is Inflation So Low? Four Heterodox Explanations |
| August 04, 2017 | August 2017 Bond Updates |
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The classical monetary theory has failed. Central banks did not understand the structural causes of deflation, and fought it with the wrong tools, creating massive negative side effects - asset price bubbles, inequalities, and mis-allocation of capital |
| View more at: http://www.forbes.com/sites/vincentdeluard/2017/08/03/why-is-inflation-so-low-four-heterodox-explanations/ |
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