As a retiree, I have been concerned about the possibility of the inflation in the near future.
Our Bank of Japan is trying to increase the mobility of money in the market. The other national or main banks in the developed countries are taking the same strategy against the on going deflation. It seems like an aimed or planned inflation they are heading to.
I suspect the excessive capital brought in the market under such policy may work as short term investments in the world. They may invest to the commodities or the developing countries' infrastructures or so. They are aimed only to get the profit. As soon as their investments carry off any profits or are endangered for drop, the investors will do something like asset stripping anywhere in the world. It will cause bubble/recession sequences in any places in the world, which will result in the recession of the world economy. How long will it take them to realize such increased mobility of capitals is of little use in such a recession?
The capitalistic system is under a challenge. It is not the problem of the mobility of capitals but of the system in the economy. There have been a lot of people suffering from this bubble/shrinkage process due to the erroneous policy. The Pope used to declare his question against the capitalism in the end of the 20th century after the Pope in the end of the 19th century did the same against the socialism. I believe they have pointed out the right thing at each era.
I don't think there will be another financial panic similar that in the beginning of the last century. But the present policy in finance may cause the more disparities among countries and among people in certain country. It may yield a subtle progress in inflation as well, which will damage the retirees like me or those poor.