Fear and loathing in Davos
Spectre of Communism
00:00
Is China Back Open for Business?
Inflation and China are seen as rays of hope for the world economy. But inflation is still very stubbornly high, says Julian Zelizer. The ruling class has only one tool to try and deal with it - raising interest rates. That doesn't address other long-term problems or short-term supply chain issues. And therefore, inflation's not coming down as fast as they would hope.
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