Liquidity yesterday, inflation today
Long before the war in Ukraine, it was the excessively expansionary monetary policy of central banks that had inflamed the rise in prices, explains Franco Bruni in his latest volume for Egea. Going beyond solutions to deal with emergencies, explains the Bocconi Professor Emeritus and VicePresident of ISPI, the Fed and the ECB should tie their own hands with monetary rules to avoid erring again