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#29: Louis-Vincent Gave On Staying One Step Ahead Of The Markets
Superinvestors and the Art of Worldly Wisdom
The Importance of Consumption
As our old people start to consume the capital base, I personally don't see why that should be deflationary. As you consume your capital base, you move to being a less productive economy. There's nothing positive about consuming your capital base. And yeah, to me, that's inflationary.
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