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Tag: deflation

Monetary Deflation: Just another definition gone awry

When we have an over-inflated tire, we know that over-inflation will cause a Blowout, while deflation results in a flat tire – those are clear and simple definitions which don’t require a genius to understand. Driving on a flat tire will destroy the tire and the rim will soon follow. One would think that even a bureaucrat would grasp that, but we can only imagine that’s “too simple”.

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