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The "Money Illusion" Keeps the Economy Hot | Juliette Declercq
Forward Guidance
The Economics of Inflation
The last time we had anywhere close to wage price, power all that we have right now was in the 70s and 80s. So you might as well like basically have a little bit of inflation and that's the greasing the will argument. You basically want to hoard everything and fraud load your consumption when you actually believe that inflation trends will continue. It costs much less to have higher inventories when there is inflation. And the same thing for hiring as well.
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