Inflation dynamics and economists' Never Never Land

If only it would come down...

My apologies for a serious delay on my postings. I’ve gone through big chances in my personal life and also courses, which we work to get published in English early next year, have taken a quite a bit of my time.

However, the trajectory of the world economy, and inflation, have remained steadily on the path I (we) envisaged late summer. Yesterday, U.S.…