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WiM009 - The Saylor Series | Episode 9 | Economics, Inflation, Interest Rates, and Natural Competition
The "What is Money?" Show
Is There a Benchmark for Inflation?
Inflation is not a single universal phenomenon that we can peg to one index number. It's occurring differently for every asset and every person in every place at every time. So as sailor said, fei currencyis toxic money. And this has all the second order effects to everything that it touches. We're talking about a metric that is intended to reflect price changes,. excluding things that changed in price.
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