A large and growing body of commentators is warning about the very real possibility - if not outright likelihood - of policymakers unwittingly letting the inflation genie out of the bottle. Both fiscal and monetary policy are hugely stimulatory, economies are rebounding rapidly, accumulated consumer savings are being unleashed in a wave of spending, disrupted supply lines are creating shortages of many goods, restructuring those supply lines will increase production costs and, for the first time in years, businesses are reporting increased pricing power. It’s a p...