PETER HITCHENS: I remember inflation wrecking lives - and I can see it coming back

This is Peter Hitchens��� Mail on Sunday column

Most of the people in charge of this country can't remember what inflation is like. I can. And it scares me.

I experienced two major bouts. The first 1970s wave stranded my parents, who in the summer of 1963 had sold the family home and invested the money (wisely, I might say, by the knowledge of the time) after my father, a former Naval officer, took a job with a tied house attached to it.

Our modest semi in a pleasant Portsmouth suburb sold f...