An entire generation has never experienced life with high inflation. But that is set to change. Countries like Australia, Canada, the United Kingdom and others are reporting rising inflation. In New Zealand, inflation has climbed to its highest rate in 32 years. Our collective inexperience with the scourge of inflation, and how to solve it, could be a real problem.
For those experiencing high inflation for the first time, it is helpful to understand just what economists and politicians are talking about.
