Douse inflation promptly lest it will raze economy to the ground

INFLATION, at unwieldy high levels, promptly degenerates, through a somewhat viral mutation, into a terrible and brutal economic and psycho-social monster which petrifies lots of Treasury chiefs across the globe.

Often, many a Treasury chief the world over takes to behaving like a cat on hot bricks whenever inflation starts to show signs of its unwelcome visit. Untamed, inflation can callously decimate consumers’ buying power, savings and pensions.

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