Indications of labour shortages have the inflationist talking up the prospect of rising wage pressures, and another feedback loop to higher inflation.

By 2010, there was a letter from prominent conservative economists attacking Ben Bernanke as a crude inflationist whose policies must be reversed ASAP.

His land reform killed the agricultural sector and his inflationist policies certainly didn't help.

Brazil is no basket case, and the Workers’ Party is no irresponsible inflationist.

So why is such inflationist thinking regaining ground?