It’s Still Not Time to Worry About Inflation

Thirty years ago, inflation was the scourge of Western civilizations. Yet, since the mid-‘80s, we've hardly seen inflation at all. Nevertheless, the recent combination of high government deficits and extremely loose monetary policy has reawakened inflation fears in many. Are these fear justified? What's really happening now? How are these realities likely to play themselves out over coming decade? We'll explain.

As the Trends editors observed nearly 20 years ago, "We live in a deflationary world dr.....