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Wednesday, December 16, 2020

It Should Shock Us That There’s Any Consumer Price Inflation at All

https://mises.org/wire/it-should-shock-us-theres-any-consumer-price-inflation-all 


Thanks to lockdowns, high unemployment, and general uncertainty and fear over covid-19, the personal saving rate in the United States in October was 13.6 percent, the highest since the mid-1970s. This is down from April’s rate of 33.7 percent, which was the highest saving rate recorded since the Second World War.

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