Inflation is a disease that disproportionately afflicts the poor. Even before Vladimir Putin unleashed his brutal war on Ukraine, whose byproducts include soaring energy and food prices, inflation was already over 7.5% in the US and above 5% in Europe and the UK. Calls for its taming are, therefore, fully justified – and the interest rate rise in the US, […]
The post Here is what Central Banks could do to stem inflation without crushing the poor or killing off the Green Transition – The Guardian appeared first on Yanis Varoufakis.
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