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The inflation crisis is now an international phenomenon. The whole industrialized world is suffering from chronic price inflation, and no government seems to be able to do anything about it. When those of us associated with Chalcedon began warning people of the impending inflation, back in 1964, few listeners took us seriously. They simply cold not accept the fact that governments would not control their monetary policies. But year after year, as monetary inflation has continued, thereby producing price inflation, people have learned the grim reality of what we warned about a decade and a half ago. The problem facing us today is massive. Few people understand the inflation process, and when ...
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