The inflation giant has awakened. Why price growth will persist.

Barron’s/Brian Swint/7-23-2023

“To the contrary, inflation is likely to be a more persistent threat than it has been in decades, owing to the long list of powerful forces that have driven prices higher, and the limits of central-bank efforts to control it.”

USAGOLD note: Anyone who lived through the decade of the 1970s can tell you that claims that inflation had been tamed were often wildly overblown.

Inflation rate 1970s
bar chart showing the inflation rate during the 1970s
Chart courtesy of

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