Financial Repression is Back

Governments are once again finding ways to manipulate markets to hold down the cost of financing debt

Governments are once again finding ways to manipulate markets to hold down the cost of financing debt

https://www.imf.org/external/pubs/ft/fandd/2011/06/reinhart.htm

WITH PUBLIC and private debt at record or near-record levels, reducing public deficits and debt is likely to remain at the forefront of policy discussions in most advanced economies for the f…