What Really Keeps Inflation Low?

Radica: We have been living through a sort of, as I said, mystification of the role of central banks. In reality, what has really kept inflation low over the last many decades is basically an attack on labor and third world countries' ability to develop. Next time we will be talking about de-dollarization; these financial asset bubbles are deeply connected with why the dollar remains the world's money. Radica: If you would also look at my paper beyond the dollar creditocracy and also my book from 2013, Geopolitical Economy, which is very much focused on the geoeconomics behind it all.