target ups Lowe's

Is inflation coming back? Warren Buffett and the return of the ‘inflation nutters’

Mervyn King, Baron King of Lothbury to you, used to despair of a small band of gobby, quite influential economists he dubbed “inflation nutters”.

While Governor of the Bank of England from 2003 to 2013 – a time, in retrospect of extraordinary stability that quite lacked for drama – King identified the folk who worried about inflation to the exclusion of everything else.

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