The Undollar Digest

The Unlimited Power of Suppressing the Interest Rate

Thorsten Polleit, www.mises.org, 07/27/2010
So if the central bank keeps (i) increasing its demand for bonds in response to investors selling their bonds, or (ii) trying to establish a minimum price for bonds that exceeds the market equilibrium price, a strong rise in the money supply — and thus high inflation, or even hyperinflation — will [...]


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