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> and that's what gets reported in TV news.

That's the clue that it's a signal. If every merchant is mandated to drop the cost of goods to 1$, the measure becomes meaningless for this purpose, while people continue to trade more and more for the same amount of goods. The published values themselves are incidental and barter normalizes, detached from the edge effects, as the underlying cause remains.

https://search.brave.com/search?q=inflation+origin&source=de...




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