With large budget deficits, rising inflation, and a politicized central bank, "policymakers should..vigorously refrain from using [monetary finance] because it is much more likely to trigger strong inflationary pressures with disastrous economic outcomes."

With large budget deficits, rising inflation, and a politicized central bank, "policymakers should..vigorously refrain from using [monetary finance] because it is much more likely to trigger strong inflationary pressures with disastrous economic outcomes."
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