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The Big Geo Strategic Forces That Are Driving Inflation
If you don't deal with inflation now, you are just going to have a more destructive, more damaging fight against inflation in the future. An aging population virtually all over the world except for Africa and some small parts of the Middle East is driving labor shortages. But at the upper end, the price of labor goes up, which is in itself a great thing after three decades of inequality, but is, but is inflationary. And so governments and banks are already pushing against structural forces that are inflationary and will be with us for a decade.