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How Long Can Inflation Last?
Today we're going to answer the question, "How long can inflation last?" In a free market, (as you know) this wouldn't be happening. In a completely free market, you get a small amount of deflation overtime.
If you look back in history, you see that we got small amounts of deflation that persists overtime, and nominal including wages go down overtime, but real wealth grows - when you count for the deflation that happens, there is so much of a growth of goods, services, abundance that even though there's less money to go around compared to all the stuff.
People get richer because you can afford more abundance, because prices get so much cheaper. That's what's happened throughout all human history, and the only time you get inflation is when its enforced and imposed upon the system from the top down, resulting in an inevitable collapse.
Timecodes
0:00 Video Overview
0:58 Intro
1:06 How Long Can Inflation Last
1:37 The Wage Price Spiral
2:50 How Increased Income Caused Inflation
5:00 Inflation Will Resolve Itself With No Government Intervention
7:37 Outro
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