"The predominant reason for people’s aversion to inflation is the widespread belief that it diminishes their buying power."

This isn't a "belief"... this is a fact.

This paper is wild…


https://www.nber.org/papers/w32300 https://i.nostr.build/WG5JV.jpg  nostr:note1pgherr7vyag8f97c9uyvgz2nv0p0hk5uy6fd03kqj4yll4q3yw5sg4zt07