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Alasdair Macleod: A Roman lesson on inflation
4:34p ET Thursday, February 22, 2018
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod argues today that a credit crisis lies ahead and that it may set inflation soaring.
"Inflation prospects for the following year or two," Macleod writes, "will be set by the response of central banks. If they do not bail out the commercial banks with monetary inflation, the global banking system will almost certainly collapse. Assuming this disaster will be prevented, it will require the injection of enormous quantities of extra money, potentially far larger than was required to bail out the global banking system in 2008-09."
Macleod's analysis is headlined "A Roman Lesson on Inflation" and it's posted at GoldMoney here:
https://www.goldmoney.com/research/goldmoney-insights/a-roman-lesson-on-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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