Inflation feels good at first – which is why politicians will pursue it

Tim Price explains how modern monetary theory and the inflation that will follow will be welcome at first – but will soon take a disastrous turn.

Handful of Zimbabwean $500,000 bills © ALEXANDER JOE/AFP via Getty Images
Disaster will inevitably strike
(Image credit: © ALEXANDER JOE/AFP via Getty Images)

John is out of the office this week, so today guest writer Tim Price gives us his view on modern monetary theory (MMT) and inflation.

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Tim Price is co-manager of the VT Price Value Portfolio and author of "Investing through the Looking Glass: a rational guide to irrational financial markets".