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In The Media

Ravages of Inflation

by Larry Chiang on July 13, 2022

Charlie Bilello
All of the US wage growth since the start of the borrowing/printing binge has been a mirage, up 12.3% in nominal terms but -1.5% after adjusting for higher prices. Initially, everyone loves “free money.” It’s only w/ the passage of time that the ravages of inflation are revealed.
7/13/22, 8:13 AM


Ravages of Inflation 

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