What caused it, why did no one see it coming, and how worried should we be? With people across the world confronting a poisonous new economic reality, internationally renowned economist Stephen King offers a myth-busting explanation of inflation. Outlining the desperate gullibility of central bankers and finance ministers – and our abject failure to learn from history – he asks how we got into the current mess and what, if anything, can we do about it?
Chaired by Richard Moss, BBC Political editor NE