2021-03-10

Inflation Isn't a Boom

Oil is $50 per barrel, wheat is $5 a bushel and house costs $200,000.

Oil goes to $100 per barrell, wheat to $10 a bushel and ahomes to $500,000 because "money printing."

Oil producers, farmers and home buyers all go into debt to cash in on this boom.

At the end of the cycle, are they better or worse off than when this started?

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