A summary of Bresciani-Turroni's book The Economics of Inflation. Estimated reading time: 24 minutes
Great post Michael!
I didn't realize they where doing selective lending.
One conclusion we had reach in analyzing the various hyperinflation scenarios is that you need a large imbalance between local and global economy.
People keep saying USD is strong right now, it's more like jpy and EUR (which account for large % of dxy) are weak.
It seems common for governments to do special/subsidized lending programs. Europe's green bonds. The US did subsidized rates for war vets to purchase homes and farmers to pay for land.
Will be interesting to see what's in store next as rates rise.