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Is High Inflation a Political Phenomenon?
I want to change it and say that inflation is al always and everywhere. A political phenomenon. Why? Because ation is the result of a fight for income distribution. The big loser on spatting inflation are people with nominal claims. This constituency is at the weak historically in the united states. Is not that you and i lose because a ther is anisfati inflation. Now, in the old days, in the seventies, people were saying that inflation led to lower stock prices. To day, i was looking at some stock reports, people used correctly to discount to day any pe chars.