Description
Inflation does not come out of thin air. The latest drama of rapidly rising prices hit Europe and the United States, but it was neither surprising nor accidental – even though politicians and central bankers claimed it was. And it will not be easy to bring it under control. The U.S. Federal Reserve and the European Central Bank have begun to face reality and adjust their monetary policies, but their constraints are formidable.
The Dossier “Inflation, causes and solutions” is based on several years’ worth of reports by GIS economic and financial experts, and also comments by our founder, Prince Michael of Liechtenstein. It describes the interlinked monetary, economic and political mechanisms that have led to the current drama. It discusses the systemic flaws that have made the catastrophe possible, explaining how the shortchanging of democratic governance, ignoring the basics of the market economy and increasingly brazen violations of central banking rules worked together to produce this sorry outcome.
The Dossier has been structured to help decision makers navigate the difficult time ahead. It contains the experts’ predictions of what the central banks are likely to do and how the situation will evolve in 2023.
What’s inside?
- Reading sample
- File format: PDF
- Number of pages: 40
- Additional software needed: Adobe Acrobat Reader DC
- Find the restrictions regarding copying, printing, sharing, etc., here.
