{"id":373645,"date":"2026-03-30T22:10:24","date_gmt":"2026-03-30T22:10:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/373645\/"},"modified":"2026-03-30T22:10:24","modified_gmt":"2026-03-30T22:10:24","slug":"the-inflation-genie-is-out-of-the-bottle","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/373645\/","title":{"rendered":"The Inflation Genie Is Out of the Bottle"},"content":{"rendered":"<p><a target=\"_blank\" href=\"https:\/\/substackcdn.com\/image\/fetch\/$s_!Vb0F!,f_auto,q_auto:good,fl_progressive:steep\/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F482fe941-8adf-4f51-a769-ab6506697dee_6665x4320.jpeg\" data-component-name=\"Image2ToDOM\" rel=\"nofollow noopener\" class=\"image-link image2 is-viewable-img can-restack\"><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/03\/https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/482fe941-8adf-4f51-a769-ab6506697dee_6665.jpeg\" width=\"6665\" height=\"4320\" data-attrs=\"{&quot;src&quot;:&quot;https:\/\/substack-post-media.s3.amazonaws.com\/public\/images\/482fe941-8adf-4f51-a769-ab6506697dee_6665x4320.jpeg&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:4320,&quot;width&quot;:6665,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:2690285,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image\/jpeg&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https:\/\/derspiegel.substack.com\/i\/192614186?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe9f8d896-df55-4944-83af-81a06dfae91d_6732x8984.jpeg&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}\" alt=\"\"   fetchpriority=\"high\" class=\"sizing-normal\"\/><\/a>Economist Mohamed El-Erian: \u201cThe inflation genie is out of the bottle.\u201d (Photo: Brad Trent \/ Redux \/ laif)<\/p>\n<p>Interview Conducted by Michael Br\u00e4cher and Martin Hesse<\/p>\n<p>DER SPIEGEL: Mr. El-Erian, what will the war against Iran cost the world?<\/p>\n<p>El-Erian: In the first two weeks, you could still argue that the disruptions were temporary and reversible. Then we started seeing damage to the energy infrastructure \u2013 pipelines, storage depots, refineries. The state company QatarEnergy alone has said that it has lost 17 percent of its export capacity for liquefied natural gas. The minute you see damage to energy infrastructure, you go from temporary disruptions to structural issues that trigger all sorts of economic and financial tipping points.<\/p>\n<p>DER SPIEGEL: Such as?<\/p>\n","protected":false},"excerpt":{"rendered":"Economist Mohamed El-Erian: \u201cThe inflation genie is out of the bottle.\u201d (Photo: Brad Trent \/ Redux \/ laif)&hellip;\n","protected":false},"author":2,"featured_media":373646,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-373645","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/373645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=373645"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/373645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/373646"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=373645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=373645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=373645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}