Inflation – What It Is, What It Isn’t, And Who’s Responsible For It

Inflation is the debasement of money by the government.  PERIOD. It is NOT a general increase in the level of prices for goods and services. The above statements are critical to an understanding and correct interpretation of events which are happening today – or expected to happen  – that are casually attributable to inflation.  So, let’s go one step further.
The Market Oracle

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