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  • Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

    John Kenneth Galbraith
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    John Kenneth Galbraith (2017). “Money: Whence It Came, Where It Went”, p.15, Princeton University Press
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Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity. - John Kenneth Galbraith
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