The Economist Asks: How can governments fight inflation?

Consumer prices across the rich world are rising by more than 9% year on year, the highest rate since the 1980s. Paul Krugman, the Nobel prize-winning economist, talks to host Anne McElvoy and Henry Curr, The Economist’s economics editor, about how governments and central banks should respond. We also ask if a recession can be avoided, and whether the era of big government spending is over.

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