Episode 231: The Misinformation on Inflation
Words & Numbers
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Is This Really Going to Be Massive Inflation?
Inflation is growth in the money supply minus growth in the real economy. You're probably looking at seven to 15 percent inflation on an ongoing basis year after year after year. The United States has borrowed so much money, it's running out of places to borrow more and when you run out of place to borrow more money, the only place left is the Federal Reserve.
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