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MI Rewind: How to Beat Inflation w/ Joe Brown
Millennial Investing - The Investor’s Podcast Network
The Impact of Inflation on Different Individuals
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This chapter explores the effects of inflation on various market participants, with a focus on individuals without savings or assets who rely on hourly jobs. It discusses the wealth transfer from the poor to the rich caused by inflation and examines the potential flaws in measuring inflation, including adjustments like HEDONICS and the substitution method. The chapter also highlights the government's incentive to understate the true inflation rate and the challenges of accurately measuring inflation in a complex economic system.
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Discover
highlights
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