This link is burdensome, but it speaks to my worry about inflation. Unless there’s a newly and great G20/IMF, how could inflation across currencies be prevented after all this? The economy is now slow, but demand continues.
Perhaps a deft and temperate global finance system can manage a clamor for commodities when credit is loosed in months or months ahead, unless, of course, credit is never loosed or only under much restrained and strict terms.
As if our old idea of a stingy banker goes global, they once said a banker has gold in his teeth, silver in his hair and lead in his ass. I wonder.
All culture will be different soon. No? Naked Capitalism