Inflation

Milton Friedman is often quoted as having said something to the effect that inflation is taxation without legislation on multiple occasions during his career (cf. for example Friedman and Friedman…

WP 2024-10. Executive Summary When comparing inflation across European countries, we often overlook a simple fact – inflation is the percentage change in the price level. The rate of inflation…

UK Consumer Price Inflation remained at 8.7% in May. The Bank of England has raised the cost of overnight money to 5% via increases in its Base Rate, and has…

Today, the African economies face another economic crisis. Supply chains disruption, money printing, the questionable responses to Covid-19, the war in Ukraine, currency depreciation and years of economic mismanagement have…