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Is everyone pretending to understand inflation (or just me)?
Mark Blyth
And this is an effect that's happened in inflation. You know that stuff used to be $30, and then it went up to $40, and now it's stuck at $45, and it's never going to be $30 again. Now, when an economist tells you, ah, but inflation's been falling for the past six months, what they mean by that is the rate of change in how fast it's going up has been coming down. Ah. So, right?
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