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Each month the Bureau of Labor Statistics releases a detailed report on inflation, compiling price information for thousands of goods and services with a goal of measuring the change in the cost of living for an average person. If these prices are going up, we have inflation.  If they’re going down, we have deflation.  People…

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Prior to the global financial crisis, many central banks were a misunderstood relic of the economic system. Since the crisis began, however, central banks became an integral part of the day-to-day functioning of the financial markets, and more broadly the economy. As we move past the financial crisis, central banks are in the unsavory role…

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