Age of Financial Repression (Project Syndicate)

The age of financial repression published by Project Syndicate (11/2012), indicated by Arthur Garbayo. But in times of slow economic growth, policymakers` options are grim. Increasing taxes is not only unpopular. it can be counter-productive, given already-high taxation in many countries. Public support for spending cuts is also difficult to win. As a result, many Western policymakers are seeking alternative solutions – many of which can be classified as financial repression.