The Challenge of Adjusting to High Inflation.
The inflation surge of the past two years is a warning about what can happen when sudden changes in the things we want collide with massive disruptions in our ability to make them. The compounding effects of climate change and an aging and eventually shrinking population will reshape the economy and heighten inflation risks. Waiting until we have no choice risks more upheaval and more inflation. The most important thing we can do to mitigate the damage is to start preparing for these transitions now.