FT Interview: Adam Fergusson, Author of "When Money Dies"

“The use of unusual monetary measures during the crisis, such as quantitative easing (“just another way of saying money-printing”), has made the outlook hazy. The price of gold – generally a proxy for concern about inflation – has risen to its highest levels in real terms since the late 1970s. It is hard to tell what effect these measures may have when the economy grows again. “We all keep worrying about deflation but it can turn so fast.”