摘要
Desperately trying to cure their financial ailments, central banks in the West fired up their money-printing machines to pour liquidity into their respective banking systems. While this no doubt helped thaw the credit freeze, it also inadvertently sowed the seeds of inflation. Andy Xie, a renowned independent Shanghai-based economist and former Morgan Stanley chief economist for Asia, discussed this issue in a recent interview with the Securities Times. Edited excerpts follow:
