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Is everyone pretending to understand inflation (or just me)?
Mark Blyth
So if you think about it, what actually happened was rather than people's expectations of prices getting unhinged, not really what's going on, it was a decade in which you got all of these supply shocks. Everyone just got up one morning and went, oh, things are getting more expensive. Slam. Shit, things are getting even more expensive. Slam. Can we stop getting slammed, please?
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