Episode 231: The Misinformation on Inflation
Words & Numbers
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The Definition of Inflation
Inflation is the growth in the money supply minus a growth in real GDP. In 2020 and so far in 2021, we've been seeing the money supply growing at 20 percent. You can argue about who can or can't afford $75 a month but 10 years ago that drug didn't exist. That's an incredible bargain.
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