SILENT INFLATION TRADE DEPENDS ON A MEDIUM OF EXCHANGE
In many countries, inflation has become so low and stable in recent decades that it appears to have faded into the woodwork. Whereas galloping inflation was once widely viewed as the No. 1 economic problem, today most people – at least in developed countries – hardly ever talk about it or even pay attention to it. But “silent inflation” still has subtle effects on our judgment, and it may still lead to some consequential mistakes.
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