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#663 What Is Happening With Inflation? With Peter Schiff

The Pomp Podcast

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The Fed Definition of Transitory Inflation

The Fed has changed its definition of the term transitory inflation. It used to mean a temporary increase in prices that would go away, but now it means they will stay at this higher level. The two % per year increases will be on top of all these in reases that we already experienced. That really represents a massive inflation tax, because you're going to need 20 % more money to buy the same amount of stuff as before.

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