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This is a struggle I've had for a few years now when friends talk about it. It's that and leaving money idle in the bank.
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This is a struggle I've had for a few years now when friends talk about it. It's that and leaving money idle in the bank.
They're making the modern conflation of "inflation" with "increasing price level". Originally, "inflation" meant an increase in the money supply and price increases are its consequence.
It's a really useful distinction that should be more widespread.