Will we be agonising, 20 years from now, over how we lost control of inflation? Today, there is a new generation coming of age, in very difficult circumstances. They have many questions – about the economy in general, and about how monetary policy fits into the picture.
Some of the questions are asked in a fiery tone, and I think that young people are right to be angry. Not only have they been unlucky, reaching adulthood during one of the worst economic disasters in modern history.