Inflation is Your Friend (or at least the enemy of your enemy)

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Inflation is …

Inflation is one of the most misunderstood concepts in finance, perhaps because the term is often used imprecisely. I will use the word precisely in this essay, not in the sense that I will use it in the only “correct” way, but in the sense that when I use it here, it will mean the very specific thing I intend it to mean.




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