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  • MoneyWeek

    Best of the financial columnists

    Aug 20, 2021 3 minutes

    The era of dictator inflation

    Péter Krekó

    Foreign Policy

    The geopolitical order is in flux and democracies are “losing ground globally”, says Péter Krekó. But perceptions are outrunning the reality. Russia, China and other authoritarian powers are adept at “puffing themselves up” to look more powerful than they really are. Call it “dictator inflation”. Remember the Kremlin’s much publicised meddling in the 2016 USelection? As opposition leader Alexei Navalny observed, Putin “can spend $500,000 on Facebook ads and the whole establishment of a

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