A playbook from the 1980s for dealing with inflation
Do today’s politicians have the stomach?
Across the rich world consumer prices are rising by 10% year on year, the highest rate since 1983. That year holds a special place in the history books. It was the final year, after many, in which annual inflation was in double figures. Thereafter it moved downwards, paving the way for the low inflation of the 1990s.
This article appeared in the Finance & economics section of the print edition under the headline “I’ll do things for you”
Finance & economics December 3rd 2022
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- A playbook from the 1980s for dealing with inflation
From the December 3rd 2022 edition
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