Summary
Akhil introduces David Hackett Fisher’s analysis of “great waves” of inflation across thousands of years. Fisher argued in the late 1990s that we were in for decades of low inflation — and 25 years later, despite massive government stimulus, he was right. The linked PDF report addresses what the next few years look like for inflation as the cycle approaches its peak.
Key Claims
- David Hackett Fisher identified “great waves” of inflation across centuries of history. — confidence: high
- Fisher predicted decades of low relative inflation from the late 1990s — confirmed correct 25 years later. — confidence: high
- Despite massive post-2000 government money printing, inflation has remained low relative to the 20th century second half. — confidence: high