Back to the Seventies?

Aug 31, 2021 Kenneth Rogoff

Many economists seem to view inflation as a purely technocratic problem, and most central bankers would like to believe that. In fact, the roots of sustained inflation mainly stem from political economy problems, and here the long list of similarities between the 1970s and today is unsettling.

https://www.project-syndicate.org/commentary/america-facing-1970s-style-stagflation-threat-by-kenneth-rogoff-2021-08?utm_source=Project+Syndicate+Newsletter&utm_campaign=ad813e1e94-covid_newsletter_09_02_2021&utm_medium=email&utm_term=0_73bad5b7d8-ad813e1e94-106440339&mc_cid=ad813e1e94&mc_eid=4ddf8a88ec