The Return of Inflation: Money and Capital in the 21st Century

Both a history and a contemporary analysis, an illuminating investigation of the defining economic concern of our time. The last year has seen the return of inflation as a preoccupation of political decision-makers, economists, and the general public. After two decades of wondering why inflation was so low, despite vast economic stimulus, economists were surprised by the recent surge in price increases. Despite disagreement about what exactly is happening in the economy, there is unanimity...