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RE: Inflationary Myths

in LeoFinance5 years ago

Everything is relative. If people are comparing to either people or food in a short time frame, then you can see inflation. It is because they are not looking at technology and food prices going up is because there is more demand than supply.

However if you look at things in a frame of things 20-30 years ago, then there is no inflation. This is because a $100 labtop is way better than a $10,000 labtop 20 years ago. Personally I think we are in a deflationary environment but the money printing is causing people to lose faith in the money thus prices are relatively higher in a short time frame.

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