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The Unkillable Zombie of Inflation Paranoia

Ever since the dawn of the financial crisis, which prompted the federal government to take extreme fiscal and monetary measures to prop up the economy, we have been dogged by inflation paranoiacs. They have been consistently and spectacularly wrong for the last six years, proclaiming in steady installments that hyperinflation is just around the corner, and yet they never change their tune.

What could explain this epidemic of zombie inflationistas? In a nutshell, it’s class warfare.

via The unkillable zombie of inflation paranoia – The Week.

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