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Beating Inflation

Why central banks have no idea about handling an energy crisis.

Phil and Steve analyse the 2026 return of double-digit inflation, characterizing it as a structural cost-push crisis rather than the result of excess consumer demand. Keen argues that with Brent crude hitting $100 a barrel due to the Strait of Hormuz blockade, energy costs have become a fundamental driver of prices that central bank interest rate hikes …

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