The Investir.ch website echoes Nicolas Blanc's proposals in the Monthly Review.
Important points to note:
" The year 2022 will be remembered as the year of the turnaround in the monetary context. After decades of falling inflation and interest rates, the pandemic, and the economic support measures it has prompted, has created an explosive situation between high demand and degraded supply conditions [...] "
Extract: " The continuation of the decline in inflation and the gradual absorption of pressures on employment should therefore allow the development of an optimistic central scenario. But we must recognize a high risk on these assumptions. In the event of more persistent price pressures, central banks would be forced to trigger a potentially brutal recession."
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