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People can avoid the inflation tax by reducing their real money balances.
Capitalism
An economic system based on private ownership of the means of production and their operation for profit, characterized by free markets, the accumulation of capital, and competition.
Norman Angell
British journalist, author, and Nobel Peace Prize laureate, best known for his work "The Great Illusion," which argued that the economic interdependence of nations would make war futile.
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