Added by PressForward
Without limits, allowing a government to finance itself by creating money can lead to hyperinflation. But these risks can be manageable: the quantitative easing of the past decade, despite predictions, has not lifted inflation above the main central banks’ 2 per cent targets.
This much is certain: Just as this disease has shattered lives, disrupted markets and exposed the competence (or lack thereof) of governments, it will lead to permanent shifts in political and economic power in ways that will become apparent only later.
The Overseas Development Institute's SET (Supporting Economic Transformation) examines the vulnerability of countries to the coronavirus outbreak, the economic impacts and policy responses in a wide-range database of selected sources and other articles.
