Inflation: The Next Threat?

Time to put ‘money’ back into ‘monetary policy’

“…An honourable mention here must go to Dr Juan Castañeda, Professor Tim Congdon, and their colleagues at the Institute of International Monetary Research (IIMR), based at the University of Buckingham in the UK. Indeed, Castañeda and Congdon (2020) correctly predicted that excessive monetary growth would cause an inflationary boom at least a year in advance.…”

COVID‐19 and complexity: Hayekian economics and the world after the pandemic

“…Alongside these are other changes that are not in the ‘accelerated white swan’ category and are therefore much less certain. One is that we may see a revival of inflation as a consequence of governments' monetary policies (Castañeda & Congdon, 2020). This could lead to a rise in interest rates and bond yields, which would then trigger the debt crisis mentioned above.…”