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After eight years of decline, inflation, that old Latin bugbear, has edged up.
Back in the 1970s, when Britain was weakened by industrial decline, inflation and union strife, it needed the protection of the EEC and membership of the club.
"That's when I think we could see the dollar go into a sharp decline, inflation spike up and the Fed maybe has no choice but to become more aggressive," he said.
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The bank's previous predictions of declining inflation, however, have often been off the mark.
During the long bull market (which stretched from 1982 to 2000), equities benefited from declining inflation.
After observing a few months of declining inflation readings, the Federal Reserve started to act.
The most important causes were declining inflation (and interest rates) and long economic expansions.
"In the short term, we in the euro area have, if anything, declining inflation risks," he said.
It delivered the great moderation, two decades of steady growth with generally declining inflation and very mild recessions.
Mr. Bush cited Iraq's military operations in Basra and Baghdad, and declining inflation and increasing oil production, as progress.
But, Mr. Paulsen contends, declining inflation forces big companies to reduce their prices, stealing low-price thunder from small concerns.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com