Making Sense of the Macro

as the trend progresses, it comes to be understood that the central, underlying system that is being corrupted is the currency, that most of today’s political and financial malfeasance depends on easy money, and that inflation is an ongoing policy of this pervasive new regime. When this realization becomes sufficiently wide-spread, the trends towar

natureza do aumento de preços, em particular o quanto dele é geral e persistente, em oposição a localizado e temporário,