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Jun 1, 2020

You’re Poorer Than You Think

by Brian Chang
Most people today have grown accustomed to the gradual yet persistent increase in the overall cost for goods and services, yet very few realize the true extent to which their purchasing power has been steadily eroded over time. Because the vast majority of the population has rarely, if ever, lived through economic conditions where overall prices in aggregate have failed to rise on balance each and every year, the average person has little notion of the natural state of an economic society...
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