I argued two years ago, with Jesús Saa Requejo and Tano Santos, that financial dominance might prevent credible inflation fighting by Central Banks. Today, with inflation out of control, the UK embarked in... QE!!!!
Our argument below
https://cepr.org/voxeu/columns/tackling-inflation-if-it-reappears

🐦🔗: https://nitter.eu/lugaricano/status/1575161803834855424