MacroVoices · Thursday, August 6, 2026
Viktor Shvets reiterates his long-term view of a disinflationary world, attributing it to technological advancements. He explains that current inflation spikes are reactions to events like geopolitical conflicts and policy choices, but disinflation would reassert itself if these disruptions ceased.
“Is that we are living in a disinflationary world?”
“That disinflation is a dominant longer-term trend.”
“But what is happening is that we're creating inflation spikes. What do they come from? They come from our reaction to whatever happens to us.”