An unfortunate side-effect of historical analysis — in which one leaps across centuries by turning a page — is that we can forget how quickly regime change occurs. The pressure builds for generations, the cracks slowly spreading and deepening almost invisibly … but the final steps can occur with astonishing speed. Recent history provides vivid …
Inflation can reshape a nation, searing a memory into its collective consciousness that can take generations to fade. Once embedded in an economy, the government’s efforts to root out inflation can cause a severe recession. Inflation swept across the world in the 1970’s, contained only with great effort. Now it again appears, with results impossible …
A giant breaks his chains and again walks the earth: inflation Read More »
