Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: ShutterstockCentral banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Central banks riding to the rescue of crashing debt markets must think twice

  • Aside from the moral hazards of such a massive bailout, the risk is that a wall of central bank money meeting slumping growth and output can cause the greater damage of hyperinflation

Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: ShutterstockCentral banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
Central banks are already preparing to underwrite or monetise huge volumes of government debt. Photo: Shutterstock
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