Debasement all around: lessons from 16th-century inflation

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In 2022 global inflation spiked at a rate not seen in decades. A look at the world’s very <a href="https://www.economist.com/christmas-specials/2022/12/20/the-great-inflation-of-the-1500s-is-echoing-eerily-today?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">first such bout</a> reveals eerie echoes of today’s woes—and lessons for tackling them. Our correspondent meets Indonesia’s Baduy people, for whom <a href="https://www.economist.com/christmas-specials/2022/12/20/in-a-corner-of-java-live-the-amish-of-indonesia?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">modernity is encroaching</a> on strict religious and ascetic ways. And our data team finds that <a href="https://www.economist.com/interactive/christmas-specials/2022/12/20/what-makes-certain-dogs-popular-in-certain-countries?utm_campaign=a.io&utm_medium=audio.podcast.np&utm_source=theintelligence&utm_content=discovery.content.anonymous.tr_shownotes_na-na_article&utm_term=sa.listeners" rel="noopener noreferrer" target="_blank">favourite dog breeds</a> vary by country. Additional music courtesy of Wim van Zanten. For full access to print, digital and audio editions of <em>The Economist</em>, subscribe here <a href="http://www.economist.com/intelligenceoffer" rel="noopener noreferrer" target="_blank">www.economist.com/intelligenceoffer</a> <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>