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Inflation functions as a tax on the weakest

Serious shortages are taking hold of the essential elements of life

| Europe
Russian soldiers guard fields of wheat in the southeast Ukrainian region of Zaporizhzhia on June 14: The current economic crisis is not mainly linked to an excess of demand but to insufficiency of supply.   © AP

Jacques Attali is a writer, the president of Positive Planet and the president of Attali and Associates. He served as a counselor to French President Francois Mitterrand and was the first head of the European Bank for Reconstruction and Development.

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