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Podcast: PRay TeLL, Dr. Hash
Episode: 243 Why Inflation?
Description: The most abused word in economics is "inflation." Inflation is evoked as a counter to any new economic policy by those against it, so often that it has lost all credibility, and frankly, it should. Thinking about it even for a moment, inflation occurs when the demand for a product exceeds the supply, but in America, most staples in life have an almost magically endless supply due to our advanced level of productivity. If anybody wants a new pair of shoes, or clothes, or food, or any staples, they can pay the same amount for any amount. Only status...