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Inflation Did Not Come From Nowhere – Bitcoin Magazine

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This is an opinion editorial by Federico Rivi, an independent journalist and author of the Bitcoin Train newsletter.

We are raising interest rates “because we are fighting inflation. Inflation has come out of practically nothing.” So said European Central Bank President Christine Lagarde, on the Irish talk show Late Late Show on October 28, 2022. Words apparently contradicting a statement that came shortly afterwards in the same interview. Inflation, she said, is caused “by Russian President Vladimir Putin’s war in Ukraine. […] This energy crisis is causing massive inflation that we have to defeat.”


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