Inflation's Illusion: Debunking the Normalcy of Currency Debasesment
Money For the Rest of Us
The Impact of Inflation on Society
This chapter delves into Kadehiro Yasukuchi's perspective on the necessity of consistently achieving 2% inflation and 3% wage increases, highlighting the doubling of prices due to annual inflation. It explores the normalization of inflation as currency debasement and discusses how central bankers counter deflationary productivity gains by increasing currency debasement, affecting consumer behavior across sectors like energy, airfares, and technology.
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