Inflation tends to operate in regimes: unanchored vs anchored, and this often coincides with political regimes. Activist governments and policy coordination with central banks often feature in, and contribute to, high inflation. And we tend to see wealth concentration fall in high, anchored inflation regimes.
Back to the Seventies?
Back to the Seventies?
Back to the Seventies?
Inflation tends to operate in regimes: unanchored vs anchored, and this often coincides with political regimes. Activist governments and policy coordination with central banks often feature in, and contribute to, high inflation. And we tend to see wealth concentration fall in high, anchored inflation regimes.