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