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MacroVoices #256 Russell Napier: Prepare for Secular Inflation

Macro Voices

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Is That Financial Repression?

What we can expect is a slow grind of steady high inflation without an accordant increase in interest rates. The value of the massive overhang of government debt gets inflated away, but people's savings don't get inflated to match growing prices. That's financial repression and usually as I understand it, the first few years of that actually feel really good because the inflation feels good in the beginning.

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