Martin Wolf has a fantastic new piece in the Financial Times discussing some of the flaws in the thinking that has driven irrational fears around QE and hyperinflation in the last 5 years. It reads like something I could have written so of course I like it. But in all seriousness, you should read his article and you should seriously understand the monetary system. It won’t just help you better understand policy. It will help you avoid many of the portfolio pitfalls that hurt investors during the last 5 years.