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That is simply false. Think it through.


I am being paid a number of arbitrary denominators of value per time period.

Government declares that the arbitrary denominators of value now buy half the number of a different arbitrary denominators of value they did previously.

Because I am a locovore Luddite (for the sake of the argument), everything I buy is made in the country, with materials produced in the country.

How does the devaluation effect me?




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