By Paul de Grauwe, includes “The recent publication of a proposal made by more than a hundred economists to cancel the government debt held by the European Central Bank has reignited the discussion about the role of the central bank in supporting the government. … One may still argue, however, that some more inflation is worth the price for permanently reducing the government’s debt burden. Maybe this is what the hundred-plus economists had in mind."
Read the full article on: London School of Economics