Central Bank Digital Currencies Could Bring Hyperinflation

By Daniel Lacalle

2023.02.07

The monster inflation we’ve endured these past years first arrived through asset inflation and then through consumer prices. Now, governments and statistical bodies are tweaking the calculation of the consumer price index (CPI) to disguise the loss of purchasing power of the currency, and central banks had to hike rates after the disaster created in 2020, when the massive increase in money supply went to finance bloated government spending and created the mess we live in today.