In a fascinating interview with Maggie Lake, Carraighill analyst David Higgins pushes back on persistent inflation believers and challenges conventional economic wisdom. Higgins cites historical examples like a credit scheme introduced by Japan after their early ‘90s economic crash and presents research that shows nations with high levels of national debt see a diminished positive correlation between money supply growth and inflation, to argue that inflation is not here to stay. “This is a very different environment to the 1970s,” says Higgins, who expects to see disinflation within the next year or so. Recorded on November 29, 2021.