Inflation will rise. Don’t panic – By Felix Salmon (Axios) / April 16 2021
It’s been 40 years since America last saw a damaging level of inflation. Yet despite that — or perhaps because of it — inflation fears are widespread, and could even become self-fulfilling.
Why it matters: The government’s strategy for bringing back employment and widespread prosperity involves a necessary — yet temporary — increase in inflation. When an entire generation has never experienced such a thing, that can be disconcerting. And for the time being, Americans are not buying what the government is selling.
By the numbers: Inflation hasn’t arrived yet. Nevertheless, 77% of Americans are worried about inflation being too high, with the degree of concern highest among younger adults who have no firsthand knowledge of how it feels.
