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Opinion

Coronavirus stimulus inflation risk depends on politics, not economics

Despite massive programs, Japan and the US will not see hyperinflation

| Japan
It is not the overspending or the deficits per se which provoke the currency runs.   © Reuters

Adam Posen is President of the Peterson Institute for International Economics in Washington, DC.

Japanese economists would recognize the repeated questions about inflation risks from the apparent monetization of government debt underway in the U.S. and Europe. Where is the inflation given all the money printing?

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