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Russian Gas Cutoff Symbolizes New Era of Supply Shocks and Inflation
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Inflation is the result of demand growing faster than supply. Central banks can deal with the demand part. The problem is that the world they confront in coming years might be one of recurrent supply shocks.
The decades preceding the pandemic were characterized by chronically weak demand and a seemingly limitless supply of capital, labor and raw materials, resulting in persistently low inflation and interest rates.
Read more on wsj.comAbout this in other media
Russian gas: EU crisis talks seek unity over Putin's demand for payments in roubles euronews.com /2 years ago
‘Gas was like our drug’: defiant Poland vows to wean itself off Russian energy theguardian.com /2 years ago
Eastern Europe teams up to reduce EU's dependence on Russian gas euronews.com /2 years ago
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