R.E.S.P.E.C.T.

Sir, in “An exit will have to come, but not yet” July 20, by reducing us to some “sick” jokers worrying about inflation when there is so much “excess capacity and high and rising unemployment” you show utter disrespect to those of us who do worry about inflation resulting from hitting serious energy, public debt and climate change bottlenecks. 

I would say, whoever wrote this editorial must be a baby-boomer, living up to the motto “Après moi, le déluge”.

That said, on the theme of quantitative easing, let me remind you that just as a company repurchasing its own shares, its main problem is that while doing so, it really does not know how much the market values its shares.