What inflation means for the Big Mac index
The competitive advantage of fast-food nations
For much of the past two years, economists have argued fiercely about prices. As inflation in America and elsewhere has exceeded central-bank targets, analysts have dissected different components of the cost of living, including the prices of goods, services, energy and rents.
This article appeared in the Finance & economics section of the print edition under the headline “Flipped”
Finance & economics January 28th 2023
- How the world economy could avoid recession
- Argentina and Brazil propose a bizarre common currency
- When professional stockpickers beat the algorithms
- What inflation means for the Big Mac index
- Christians fight about how to serve God and mammon
- Can China fix its property crisis?
- Have economists misunderstood inflation?
From the January 28th 2023 edition
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Authorities have responded by bossing around investors
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Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania