Are we about to move into a new era of unexpectedly high inflation, rather than the below-target inflation we are used to? Many dismiss this view. But the boy who cried wolf was right the last time. A book just out is crying wolf insistently. Notably, it states that, as a result of today’s fiscal and monetary largesse, “as in the aftermath of many wars, there will be a surge in inflation, quite likely more than 5 per cent, or even on the order of 10 per cent in 2021”. That would change everything.
我們是否會進入一個這樣的時代：通脹出人意料地高，而不是如我們熟悉的那樣低于目標(biāo)？許多人認為不必擔(dān)心。但上次那個喊狼來了的男孩是對的。剛出版的一本書在固執(zhí)地喊著狼來了。值得注意的是，該書認為，由于目前的財政和貨幣寬松政策，“就像許多次戰(zhàn)爭后的情況一樣，通脹將大幅上升，在2021年很可能超過5%，甚至達到10%左右”。這將改變一切。
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