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2min chapter
The Eggconomy
Let's Appreciate
The Structure of Inflation
President of the New York Fed compared inflation to an onion earlier this year and said that there were three distinct layers. "The economy is an egg both on a meta level and a fundamental level it's something driven by the laws," he says. The entire economy is being designed around the concept of 2% inflation so the Fed wants to protect the yoke they have their 2% inflation goal but right now it's super sin inflation.
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