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What is the definition of inflation? Peter Schiff and Jim Rickards debate on Kitco #silver

TSI editor’s note: In this video from Kitco, Jim Rickards of LTCM and who once worked with the CIA, debates with businessman Peter Schiff over the definition of inflation. Rickards argues that inflation is an increase in prices, whereas Schiff defines inflation as an increase in the money supply. The debate between these two precious metals supporters is a fascinating and educational one, and would benefit anyone interested in silver.

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