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Digitalization, Camouflage, and Monetary Inflation

  • Brendan Brown
Chapter

Abstract

The digitalization revolution has camouflaged the symptoms of monetary inflation in goods and services markets. Hence under the 2% inflation regime, central banks have had considerable scope to pursue monetary inflation without reported inflation data sounding the alert—and indeed the quiet has provided erroneous justification for ever-more “stimulus”. The latter spawns even more virulent asset inflation. The analysis in this chapter suggests that interest rates in real terms should have climbed through the digitalization revolution and that this would have been consistent with capital spending boom. Instead the perpetual asset boom-and-bust cycles along with heightened monetary uncertainty have stymied the advance of prosperity, whilst the speculative narratives powered by monetary inflation have fuelled Big Tech monopolies.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Brendan Brown
    • 1
  1. 1.Economic ResearchMUFGLondonUK

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