What We Get Wrong About Inflation
Tim Harford | 6th October 2022
In 1963 Milton Friedman defined inflation as “a steady and sustained rise in prices”, which was "always and everywhere a monetary phenomenon”. But Friedman's rule hardly describes current conditions: Prices are rising because Russia has cut off Europe's gas. Is this still "inflation"? Governments are confused. "The recently signed Inflation Reduction Act is no such thing" (865 words)
Alan Rickman | Guardian | 25th September 2022
Extracts from the actor's diaries covering the filming of Sense And Sensibility, Michael Collins, and Dogma. (The Harry Potter films are elsewhere.) "The trouble with this job is that you can watch yourself & your friends growing older in full colour, close up". The entries are brief but the cumulative effect is pleasing. "To Searcy’s for Brian Cox’s birthday party. All human acting was there" (4,500 words)
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