The next Czech dictator - central bankers?

Glossary of difficult words

adherence to - faithful attachment or devotion to something;

cheap-money policies - low interest rates;

rising asset prices - low interest rates and a policy of plentiful money cause prices of stocks and other assets to rise;

to prime the pump - to stimulate something by supplying it with money;

trepidation - a feeling of fear or agitation.

monetary reform of 1953 - the distribution of new banknotes (printed in the USSR) at a lower value.