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Is everyone pretending to understand inflation (or just me)?
PJ Vogt
Eventually, companies figure out how to get goods to the consumers who want them, and prices come back down. We know that it is much easier to buy an N95 mask today than it was in March of 2020. When I was talking to Mark, I couldn't tell how much of this alternate explanation of the 1970s was his own versus something other economists believe.
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