Monetisation of public debt: Towards a quite appalling double taxation

In 2020, OECD countries have been pursuing a particular economic policy: massive fiscal deficits monetised by central banks. They have also announced that the expansionary monetary policies will be continued for a long time to come. It is then important to understand that the return to fiscal solvency will be achieved through a double taxation of a quite appalling (hidden, unfair) nature: The taxation of savers, future pensioners, through negative real long-term interest rates that are markedly lower than real growth; The taxation of young people who have to buy financial assets to build up their wealth, as well as housing, through asset price bubbles, especially in real estate prices.