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LT's avatar

“Let me control the money of the nation, and I care not who makes the laws.”

-Mayer Amschel Rothchild

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Jeff barton's avatar

While monetary policy certainly affects inflation, the role of productivity deserves greater consideration. Environmental regulations, excessive taxation, bureaucratic red tape all increase manufacturing cost, reduce productivity and drive manufacturing offshore. All this reduces productivity, increases cost and reduces supply. All inflationary.

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