We will always be thinking about inflation wrong, if we consider it in isolation. (a rule true of most things, but I digress...) Intrinsic to inflation is it's

We will always be thinking about inflation wrong, if we consider it in isolation. (a rule true of most things, but I digress...) Intrinsic to inflation is it's relationship with Interest Rates. The global pendulum swings to inflation for a phase, and then it swings back to high(er) interest rates for a phase. "The squeeze" (or "the expansion"!, depending upon which side of the equation one falls) is put on in one direction, and then, some years later, the tables are turned and the squeeze is eventually applied in the opposite direction. So to consider inflation as though it were an isolated system able to be managed in it's own right will always be problematic, in the way of trying to change one cog of a clock mechanism (without considering the whole).