Left and Right: Both Mistaken on Inflation
Estimated Reading Time: 3 minutes
With inflation hitting a 31-year high, commentators are now routinely giving their opinions on inflation. Unfortunately, most of them—on both the left and the right—are mistaken. The left initially claimed there was no inflation before switching to its oft-repeated line that inflation is transitory, meaning not long-lasting. But inflation has proved to be quite resilient. […]