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Things, Ideas & People . . .

Things, Ideas & People . . . Things, Ideas & People . . .
 

To understand monetary inflation one needs to distinguish between “real” and “nominal.” Nominal is the name of something while real is the value of something. An example is the Zimbabwe paper currency. It used to have great value in the past when the country was the breadbasket of the African continent but when long-time authoritarian/strongman President Robert Mugabe ran off/killed/replaced the farmers who kn...