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Inflation with Richard Wolff & Dean Baker

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Is Inflation Inherently Bad?

Is inflation inherently bad? Like, why do we seem to care so much about inflation right now? It just seems like the media is obsessed with this, this idea. What's going on? Is it inherently bad? Well there's two things here. One, you can tell a story where inflations accelerate. The really scary story is if we're to see flation go to seven %, eight %, nine % and into the double digits, maybe even higher. And i think almost any economist would agree that would be a bad picture If you had continually rising inflation.

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