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For quite a while there, you couldn't go long without hearing about how the 2020s were about to repeat the 1970s. That was never any real risk, but why? What is inflation? Where does it come from (spoiler: not the Fed)? Most important of all, how can we tell? The answer to all those questions is painfully clear, but once more Economics has the public thinking only backwards.

Video Length: 00:21:57

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