Why higher inflation is a gift to crypto – DL News
- Inflation targets at 2% seem a distant memory.
- But that could be great for crypto.
Wolfgang Münchau is a columnist for DL News. He is co-founder and director of Eurointelligence, and writes a column on European affairs for UnHerd. Opinions are his own.
When global inflation started to rise in late 2021, I predicted that macroeconomists would go through progressive stages of mourning.
Remember Team Transitory? That was the stage one — denial.
Then they all blamed Vladimir Putin. That was the stage of anger.
We are now entering stage three — bargaining. We want to bring inflation down, but not too fast. Number four in the stages of grief is depression.
Stage five is acceptance — that we will forever say goodbye to the 2% inflation…
