Economic policy
From the sidewalks of Calcutta to the Silicon Valley of San Francisco, the waltz of labels stuns the most modest, taken by the throat by the flight of fuels and the increase in pasta prices.
"
Inflation
, tax for the poor, bonus for the rich, is the oxygen of the system"
, accused François Mitterrand in 1978, while increases galloped at more than 9% per year in France.
Should we conclude that inequalities, this evil of the century, will widen a notch with its resounding return?
Nothing is less sure.
Since 1945, economic and social history has tended to prove the contrary.
These last forty years have been marked by the virtual disappearance of inflation, bringing us back to the monetary stability of the gold franc before 1914. However, this has resulted in a parallel rise in income and wealth inequalities without precedent since the 1920s in the United States and to a lesser extent in Europe.
Conversely, throughout the Post-War Glorious Thirties, inflation…
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