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Ray Bod
Bloomberg Television
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Comments by "Ray Bod" (@raybod1775) on "Fed's Barkin on Risks, Business Confidence, Rate Cuts, Inflation" video.
Barkin just admitted that businesses keep prices down by selling a substandard product by cutting quality and selling the same quality product as a more expensive premium product. That's the definition of inflation, when the same product goes up in price. What an Orwellian comment by a member of the Federal Reserve.
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