6min chapter

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728: Richard Duncan: The Money Revolution

Cashflow Ninja

CHAPTER

What Happened With Inflation?

Foreign central banks bought up much more of the us. Government's debt in the years leading up to two thousand seven than the fed did. Globilization was completely overwhelmed by inflationary pressures from aggressive money supply growth and very large budget gafces. The three main drivers of inflationh we've seen over the last century are not only the money supply, but they're also inflationry supply shocks. And there are inflationary demand shocks and deflationary demand shocks. We no longer have a closed domestic economy with 300 million people. We have a global economy with eight billion people.

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