
TRC #654: What Is Inflation? + John von Neumann: The Man From The Future
The Reality Check
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What Causes Inflation?
Central banks are not responsible for most of the money that we spend, says Lars Strahman. People are not getting greedier, rather demand is increasing and people are more willing to pay higher prices, he adds. The best you can do is add up receipts and look for trends, which themselves are a poor guide to the future,. Think of COVID. "I hope by now I've convinced you that inflation is messy and complicated"
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