The recent worldwide surge of inflation is forcing political change, reminding us how efficiently this old economic problem can topple governments. In democracies, election outcomes often hinge on price developments. But the effect on autocracies is no less pronounced, because inflation erodes the implicit social compact on which they base their authority. In Argentina, the election of a radical self-styled anarcho-capitalist, Javier Milei, as president can be understood as the immediate consequence of the incumbent Peronist regime’s inability to deal with inflation, which has hit an annualized rate of 143%. Milei’s most important campaign promise was to restore price stability…

Yes, it is a season of claims and counter-claims. Yet, cost of living is hitting the roof. Hunger is pelting the bellies of both the righteous and the infidel. Living life is almost becoming a rocket science. Charles Soludo, luxuriating in public acclamation of “one of the most cerebral Central Bank of Nigeria (CBN) Governors,” is in his season of pontificating. Last week, he offered an escapist defence of the Nigerian establishment which citizens’ hunger could not penetrate. Soludo’s latest proffer for the people’s hunger is that the current government met a dead economy; a dead horse was his exact…