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Advance of Money: Towards Better Budgeting by James C. Johnson
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“This low level inflation encourages economic growth; because it helps people to spend money rather than hoard it; since it will gradually lose value due to future inflation. On the other hand, inflation eats away at savings, so that savers experience a loss of wealth by stealth!”
― James C Johnson, Advance of Money: Towards Better Budgeting

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