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The Inflation Myth and the Wonderful World of Deflation The Inflation Myth and the Wonderful World of Deflation by Mark Mobius
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“in 1991 the then British Chancellor, Norman Lamont, told the House of Commons that: “… rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying. That focus on keeping inflation down remains at the heart of monetary policy.”
Mark Mobius, The Inflation Myth and the Wonderful World of Deflation