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You're equating mild, consistent inflation with hyper-inflation. That's not valid. Economies are non-linear dynamical systems that experience phase changes when
by xapata 9y ago
You're equating mild, consistent inflation with hyper-inflation. That's not valid. Economies are non-linear dynamical systems that experience phase changes when they pass certain manifolds. Thus the phrases "mild inflation" and "hyper-inflation" aren't just quantitative but also qualitative.