Inflation is the most likely way out of rising OECD debt problem
The world economy is reeling under the burden of rising government debt in OECD countries. I predict that the main way out will eventually be inflation. Huge monetary stimuli in many countries have already created the potential for inflation. And, given the political difficulties politicians face in either raising taxes or cutting spending, the most likely way to tame rising debt/GDP ratios seems to be inflation.