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Rick Farmer's avatar

A lot of good, valid material here. Although I have only read the summary here, it seems to me that that there are two points that are under-emphasized: first, closing the gold- window in 1971 was actually the key catalyst. That allowed for unlimited money printing (the original, more correct definition of inflation, ie, an increase in the money supply which leads to higher prices); and second, the lack of enforcement of monopoly regulations which permitted the development of super-large predatory businesses.

Alice's avatar

Thank you. Explained with your usual lucidity.

Americans should ponder how they managed not to have any inflation for 150 years.

They are both evil and very clever. The unthinking mass never wonder why we have inflation.

I have never heard others on public transport think about the why. Instead, it is dogs and the weather - and never chemtrails, except among the band of truthers. Easy meat for predators.

Still hoping for the Great Awakening!

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