Jamie Dannhauser

In the late 1970s, the world was on the cusp of radical change. The ‘Deflation Machine’ was being born. Deng Xiaoping began reforming China’s moribund economy. In the West, liberal, free-market ideals were gaining traction, ideals that underpinned the subsequent regime of rapid, disinflationary global growth.

Our era of price stability is coming to an end. Expect regime change, and a more inflationary future. There are lessons from 1960s America.