inflation

2018: The end of financial history?

On the eve of the collapse of the Soviet Union, Francis Fukuyama wrote his famous essay “The End of History?*”, where he argued that the seemingly unstoppable spread of liberal democracy was signaling the endpoint of history whilst understanding the latter as an evolutionary process of a socio-cultural nature. A parallel can be drawn between … Continued

Deflation: an inconvenient truth?

After fiercely fighting inflation over decades, central banks are now trying to revive it by all means, be it quantitative easing, negative interest rates or currency depreciation. This poses an intriguing question apt for fans of conspiracy theories: do central bankers know something that the rest of us don’t? The policy twist followed the financial … Continued