These last three years, France, as the other developed countries, has been confronted with three major shocks, the corona virus pandemic, the invasion of Ukraine by Russia which has provoked a strong fossil fuels prices increase and the disorganization of the supply chains especially from China, a direct consequence of the sanitary crisis. To remedy to it, the State has adopted costly support measures which have increased an already high budget deficit. These different shocks have revived inflation, a phenomenon which had practically disappeared for near forty years at a time when public indebtedness knew an important augmentation.
That simultaneous ...