Monthly Archives: December 2020

Annus Mirabilis?

Central bankers are far more comfortable about their ability to tame inflation than their powers against deflation. Other policy makers would be well advised to understand the political and social consequences of deflationary periods. This was certainly not the case … Continue reading

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Annus Horribilis

For many people this has been one of the worst years of their lives. Some people have suffered the loss of a family member or close friend well ahead of time. All families have been tried and tested by the … Continue reading

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