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Inflation winds it's way through Our lives, impacting on Us all; with little definition of it's effect. Inflation creeps in the pricing of Goods and Services, and what it is remains ignored, because None can see the total distortion. Inflation serves only as the Meter to register Economic resource misallocation. This misuse of resources contains the sole pressure for Recession, and contriction of business activity. Recessions continue until economic reallocation provides the correct mix; something which could be done at far less cost, than through layoffs and loss of Personal Income. Resource misuse and it's resultant Inflation must be studied, before it can be stopped
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Inflation, Lawrance George Lux
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- Année de publication
- 2001
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