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ChineseKiwi
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Comments by "ChineseKiwi" (@ChineseKiwi) on "" video.
you forgot to mention the importance of "trimmed mean" and one-off occurrences and how one-off occurrences bump up the general inflation figure. e.g. Petrol prices also collapsed as cities locked down last year, and have since returned to pre-COVID levels. There were also big jumps in the prices of some fruit and some vegetables due to a shortage of pickers and heavy rainfall. They are also best seen as one-offs. The “trimmed mean” measure of so-called underlying inflation used to see through transient influences, was only 1.6% for example in Australia (vs the generally reported 3.8%). It’s a better guide to what is going on.
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Turkey is VERY much different and an anomaly due to the the central government having power to govern monetary policy, when in other countries they don't. There's a literal reason why they don't as it means people who don't know economics like Erdogan, can't wreck the economy.
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yes it did. See 1973 oil crisis LOL
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do you know what quantitative easing is?
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@peterdollins3610 uh no. We are talking about 2020 only, not the future. Read again.
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prove it. it is a simplified but correct understanding.
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that is not how anything works if you know what central banks do (by law btw) and Keynesian monetary theory LOL
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