What Is Inflation? What Everyone Gets Wrong
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People hate the word "transitory" because they naturally believe a couple of years wouldn't qualify under it. Yet, supply shocks historically take that much time and the current one we are experiencing is following that pattern very closely. What matters now, however, is what comes next. The data not only confirm the supply shock, it also holds a serious warning as to the next step.
Video Length: 00:18:09
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