Inflation explained

This video from the 1930s is a timeless piece of work, giving an explanation of what inflation and deflation are and how they work. (hat tip Tim Iacono)

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This video from the 1930s is a timeless piece of work, giving an explanation of what inflation and deflation are and how they work (hat tip Tim Iacono).  Excellent explanations and easy to understand.  Beware of the conclusions, though. This is obvious propaganda – almost comically so.

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