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Because our senses have changed over time, we worry and feel down more than we should.
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The elite playbook: blame the people so they fight each other.
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From last Wednesday: As the Fed 'fights inflation' by increasing interest rates, its actions will not produce the hoped-for 'soft landing,' but rather the hard bust.
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Resources are scarce even when money is not.
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A rate of inflation of 5% per year is not good, and it is not the same thing as prices going down. Since inflation makes us poorer over time, we are getting poorer faster.
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Central bankers follow inflation 'target' in their pursuit of 'price stability.' Not surprisingly, they usually miss their targets -- quite badly -- and we now are living one of those moments.
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The most likely reason why the average American has strange ideas about inflation is that they see inflation as the same thing as certain costs of living.
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Wall Street is sure that the Federal Reserve will soon create a 'soft landing' by reducing inflation without triggering a recession. They must reconsider their convictions.
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In November, food prices went up by 0.5% while energy prices went down by 1.6%.
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People argued 26 years ago about whether or not the target inflation rate should go from 0% to 2%. We're now hearing that it should be 4% or 6%.