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As a result of past reckless fiscal and monetary policies the pool of real wealth could be declining. If so, stagflation will result.
Original Article: "Time Preference, Interest Rates, and Stagflation"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Contact Frank Shostak
Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.
