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An inflation rate of 3.3 percent, like in March, is considerably better than the worst of the bad old days under Joe Biden, but it still doesn’t count as driving a stake into the heart of the problems driven by high inflation. Last October, the Wall Street Journal editorial page warned the Trump administration about the dangers of tacitly accepting a 3 percent inflation rate as the new normal.At 2 percent annual inflation, the purchasing power of $1,000 shrinks to roughly $820 after ten years —
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