Thursday , September 24 2020
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No inflation? Tell that to my landlord  

Comments on our articles about central banks’ attempts to fix the global economy through printing trillions in whatever currency tend to be a bloodbath. The prime swipe being that policymakers are wrong to carry on unleashing more and more stimulus on the grounds that they are falling short of their inflation targets because, actually, there is loads of inflation if you look at asset prices.The voice of our dear readers mirrors the broader public debate, not least because rampant inflation in asset prices has a knock-on effect on a lot of people’s housing costs, even if they are not buying a property. We’d recommend this article, from Bloomberg, for a sense of the debate:In the trendy Malasaña neighborhood of Madrid, Ramon G. del Pomar’s rent tripled to 3,500 euros (,900) per month when

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