“Yeah. Well, people conflate inflation, which is a…” — Cato Audio at 1:04:38
“Yeah. Well, people conflate inflation, which is a macroeconomic phenomenon, with just the cost of living. Inflation, by definition, is a sustained increase in the general price level. Over time, over a period of time, once it's worked its way through, it raises all prices proportionately. That only comes around when…”
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1:10:42