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Is everyone pretending to understand inflation (or just me)?
PJ Vogt
Okay, so let me say it back to you to make sure I have it. It's inflation when the prices of everything are going up. Done. If one thing is getting more expensive that's not inflation, don't use the word. You're confused. You're right. And then secondly, when we say inflation is going down, it doesn't mean that anything's going to get cheaper.
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