Inflation Unraveled: Lessons from the Past

This chapter explores the complexities of global inflation, particularly how U.S. economic stimulus has worsened supply chain issues, contributing to rising prices. It examines the historical context of inflation, drawing parallels between the 1970s and today, while discussing strategies policymakers can employ to combat these challenges. The chapter emphasizes the role of antitrust policies and central banks in addressing inflation and the societal impacts of economic pressures on savings and employment.