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Two Decades Of Inflation And Deflation

You can be excused for being confused about inflation, because inflation and deflation are all around us. The cost of labor is steadily rising but the cost of things (durable goods) has been falling for the past 20 years. On average, inflation has been relatively low, but behind the mask of modest inflation lies a reality that is confusing to say the least. Fortunately, it is very good news for the average…