Thailand embraces faster inflation

Passing phase: People carry shopping bags in Bangkok. Thailand didn’t enjoy a big growth surge after it reopened from Covid, and the economy could do with a lift. —Bloomberg

IT’S hard to find a leader anywhere these days who will argue the case for faster inflation.

Politicians would rather drink hemlock than call for a renewed acceleration; they are often too busy nodding sympathetically at what their opponents call a cost-of-living crisis.