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Greedflation; The Economic Program of the New Right | Yaron Brook Show

Yaron Brook Show

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The Importance of Inflation in the Economy

Oil is a big part of that basket or prices can go through the roof and oil is an input into every other price in the economy. Those prices should theoretically go up as well at least marginally and inflation should tick up yet the empirical numbers don't show that. So what people are confusing is relative price increases versus in a sense economy wide price increases where everything is going up. And you know it seems like there should be right if producers are driving inflation then why is it then when producer prices go up? Well because well but it's not even that it's a basket of goods right because inflation doesn't go up at all right.

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