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

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