{"id":25962,"date":"2024-04-08T10:44:21","date_gmt":"2024-04-08T08:44:21","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=25962"},"modified":"2024-04-08T10:44:21","modified_gmt":"2024-04-08T08:44:21","slug":"inflation-what-inflation","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/inflation-en\/inflation-what-inflation","title":{"rendered":"Inflation? What inflation?"},"content":{"rendered":"

\"\"<\/p>\n

Inflation? What inflation?<\/p>\n

It was fundamentally influenced by supply-related factors: disruptions in the supply chain, energy, and food.<\/p>\n

Not by factors related to a surge in demand… precisely because our middle classes and our poor are forced to limit their standard of living due to inadequate policies, and a multitude of asymmetric shocks that have hit them head-on.<\/p>\n

The European Central Bank must come out of its ivory tower and immediately lower its key interest rate to 2%.
\nJust a reminder, it is currently at 4.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Inflation? What inflation? It was fundamentally influenced by supply-related factors: disruptions in the supply chain, energy, and food. Not by factors related to a surge in demand… precisely because our middle classes and our poor are forced to limit their standard of living due to inadequate policies, and a multitude of asymmetric shocks that have…<\/p>\n","protected":false},"author":4,"featured_media":25959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941274],"tags":[],"class_list":["post-25962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inflation-en"],"yoast_head":"\nInflation? 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I salute the determination of Prime Minister Abe on his departure, having not shied away from any decision or measure in pulling his country out of\u2026","rel":"","context":"In "Deflation"","block_context":{"text":"Deflation","link":"https:\/\/michelsanti.fr\/en\/category\/deflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/la_belle_au_bois.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":21978,"url":"https:\/\/michelsanti.fr\/en\/inflation-en\/inflation-is-always-and-everywhere","url_meta":{"origin":25962,"position":2},"title":"Inflation is always and everywhere…","author":"Michel Santi","date":"February 22, 2022","format":false,"excerpt":"\u00a0 The ghost of Milton Friedman and his oh-so-famous repartee of the 1960s when he said that inflation is \u201calways and everywhere a monetary phenomenon\u201d still haunts us today. It is true that this assertion may seem plausible. After all, the immediate consequence of inflation is a rise in prices,\u2026","rel":"","context":"In "Inflation"","block_context":{"text":"Inflation","link":"https:\/\/michelsanti.fr\/en\/category\/inflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":22126,"url":"https:\/\/michelsanti.fr\/en\/inflation-en\/the-lessons-from-weimar","url_meta":{"origin":25962,"position":3},"title":"The lessons from Weimar","author":"Michel Santi","date":"March 24, 2022","format":false,"excerpt":"\u00a0 Stagflation ravaged the economies of the 1970s. Candidate Jimmy Carter was able to beat Gerald Ford, the sitting president, by accusing him high and wide of having made the \u201cmisery index\u201d worse, that being the unemployment rate and inflation added together, that was at 13 at the time. Four\u2026","rel":"","context":"In "Inflation"","block_context":{"text":"Inflation","link":"https:\/\/michelsanti.fr\/en\/category\/inflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/03\/banknotesfire.jpg?fit=415%2C567&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22176,"url":"https:\/\/michelsanti.fr\/en\/anti-trust-2\/price-control-a-social-emergency","url_meta":{"origin":25962,"position":4},"title":"Price control: a social emergency","author":"Michel Santi","date":"March 31, 2022","format":false,"excerpt":"\u00a0 At 7.3% in March 2022, the rate of inflation in Germany is at its highest since 1981! With the situation being much the same across the whole western world \u2013 the whole world full stop even \u2013 the legitimate question of price control is now an incisive one. It\u2026","rel":"","context":"In "anti trust"","block_context":{"text":"anti trust","link":"https:\/\/michelsanti.fr\/en\/category\/anti-trust-2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/03\/pouvoir-achat.jpeg?fit=664%2C444&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/03\/pouvoir-achat.jpeg?fit=664%2C444&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/03\/pouvoir-achat.jpeg?fit=664%2C444&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":19396,"url":"https:\/\/michelsanti.fr\/en\/inflation-en\/a-major-challenge-of-our-time","url_meta":{"origin":25962,"position":5},"title":"A major challenge of our time","author":"Michel Santi","date":"April 21, 2019","format":false,"excerpt":"Where has inflation gone? 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Will it one day make its return to our developed nations of integrated economies?\u2026","rel":"","context":"In "Inflation"","block_context":{"text":"Inflation","link":"https:\/\/michelsanti.fr\/en\/category\/inflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/04\/Inflation-.jpg?fit=469%2C377&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/25962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=25962"}],"version-history":[{"count":1,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/25962\/revisions"}],"predecessor-version":[{"id":25963,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/25962\/revisions\/25963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/25959"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=25962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=25962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=25962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}