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Re: inflation vs deflation
it has been a great call thus far, but is that the end of history as far as monetary policy and economic effects go, without exogenous shocks is this system supposed to carry on with short term rates less than inflation ad infinitum or are the seeds for destruction within the system.
it has been a great call thus far, but is that the end of history as far as monetary policy and economic effects go, without exogenous shocks is this system supposed to carry on with short term rates less than inflation ad infinitum or are the seeds for destruction within the system.
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