Inflation’s Back. And it’s Worldwide again.
The holidays are done and inflation is back.
After months of mainstream victory laps — including Paul Krugman’s famous “inflation is over. We won at at very little cost” — it turns out inflation’s not dead after all. It’s not even resting.
As my colleague EJ Antoni put it, inflation ripped the stake out of its chest and loosened a blood-chilling scream.
Peter St Onge, Ph.D. Give that man a Nobel Prize for observing the obvious. Maybe they can give him the one that Herr Professor Doktor Krugman has had?