Inflation, Debt, and The Fed (Part 1) with Scott Sumner and Lyn Alden
Village Global Podcast
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The Two Types of Inflation
i agree that the two types of inflation, after all, or two, are kind of distinct. The first a spike in inflation from about forty five to 51, was sortof one time price level adjustment. This took place under an environment where the dollar was pegged to gold at 35 dollars an ounce. Then we had a different kind of inflation in the sixties and 70, sort of a monitres thing of we've left the gold standard,. We're no longer pegging gold at 35 Dollars An Ounce. That inflation is the one that shows up in interest straits. So i'm leaning towards the view that for some reason we don't fully understand, the entire global
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