Financial repression was an important tool for governments tackling very high debt levels in the era after WW2: with global debt mounting again, what is the potential role that financial repression could play now? Some clear examples of financial repression are still in use, but for the most part repression now occurs in subtler ways, like creating captive demand for government debt through macroprudential regulation The fact that capital controls were in widespread use after WW2 was the reason for