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by ChrisLomont
1436 days ago
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>Do you concede that inflation robs people of purchasing power? That's the most important point from that. And then people get cost of living raises - that's why almost all income groups have seen wage growth in inflation adjusted dollars since, well, 100+ years. Here's what happens when central banking didn't target low inflation [1]. Read through it for a better understanding of why the current system is better than any that preceded it. [1] https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit... |
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