meierlde
Thinks s/he gets paid by the post
This article from the economist suggests that inflation will be low for a long time:https://www.economist.com/special-report/2020/10/08/the-eternal-zero
It points out that after pandemics interest rates stay lower than they would have been for up to 20 years (all be it the earlier ones tended to kill more folks off than this one has done so far for example if you scale 1918 up to todays population the death toll would be 200 million, the world population being four times what it was in 1918, and a 50 million toll back then) The article points out that folks are saving more and with the central banks creating lots of money the supply loanable money may exeed the demand.
further on it points out that the world economy may resemble japan for a good while "The upshot is that the world economy increasingly resembles Japan, where even decades of deficits and net public debts of over 150% have not broken a low-inflation, low-interest-rate equilibrium." The artilce points out that part of japans problem is an aging population, but the world will start having one soon starting with Europe.
Indeed this is a part of the thesis of the great wave that population growth is the root level driver of inflation.
It points out that after pandemics interest rates stay lower than they would have been for up to 20 years (all be it the earlier ones tended to kill more folks off than this one has done so far for example if you scale 1918 up to todays population the death toll would be 200 million, the world population being four times what it was in 1918, and a 50 million toll back then) The article points out that folks are saving more and with the central banks creating lots of money the supply loanable money may exeed the demand.
further on it points out that the world economy may resemble japan for a good while "The upshot is that the world economy increasingly resembles Japan, where even decades of deficits and net public debts of over 150% have not broken a low-inflation, low-interest-rate equilibrium." The artilce points out that part of japans problem is an aging population, but the world will start having one soon starting with Europe.
Indeed this is a part of the thesis of the great wave that population growth is the root level driver of inflation.