Anthony Rayner: The inflation paradox

Some of the most renowned economic theories suggest that persistently low unemployment, strong economic growth and a very expansive money supply should feed through to inflationary pressures. Today's environment is much different, however, as a number of structural forces have muddied the economic waters. Technology disrupters, such as Amazon and Uber, apply downward pressure on consumer prices and wages. This pressure is significant, as these businesses tend to be large monopolies that are growing materially and, in the case of Amazon, are smashing down barriers to entry to new sectors....