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Phenomenal piece of writing, thank you.

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"Inflation is always and everywhere too much money chasing too few stuff." That is the most misleading proposition! https://marcusnunes.substack.com/p/misleading-propositions-and-rules?s=w

The "Origins of the Great Inflation" reflected the complete failure of monetary policymakers to realize that inflation was a monetary phenomenon, while at the same time maintaining the employment obsession of the previous decade.

https://thefaintofheart.wordpress.com/2012/08/25/the-origins-of-the-great-inflation/

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