This story has rotated off the live feed but the permalink stays available for sharing and search.

news Project Syndicate 2026-05-11

Interest Rates Ineffective Against Current Inflation Driven by Geopolitics, Supply Chains

Inflation in advanced economies is rising due to geopolitical turmoil and fragile supply chains, not excess demand. Policymakers' reliance on interest rates is questioned as a solution to these root causes.

Support Your Local Toad

The Pesky Toad is free and ad-light. If you find it useful, toss a few pesos in the tip jar to help keep the servers running and the satire flowing.

$

MXN · Minimum $10