The working class is being robbed, both through outright expropriation and the more hidden exploitation of countless workers who are struggling to make ends…
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But some prominent economists are warning that government spending on such an extraordinary scale could fuel accelerating price growth and cause inflation expectations to become unanchored.
In a world of overlapping emergencies, more shocks are sure to come. Policymakers need to be prepared to react before the next one unleashes widespread inflation again. Interest rate hikes are not the answer
Imposing a one-off tax on energy companies’ extraordinary profits might seem like a no-brainer at a time of soaring inflation, but the idea has more than a few detractors. As policymakers in a growing number of economies move ahead, we asked PS commentators whether they are right to do so.