munger stoicism
You want to have reasonable expectations and take life result good and bad as they happen with certain amount of stoicism
The word here is faster.
Most of the rules in economics are malleable and depend on the context of the situation, except one. If demand rises faster than supply, prices rise. If supply rises faster than demand, prices fall. When demand increases much faster than supply, prices rise sharply. This sharp increase in prices is what is termed as inflation. transitory means for short time.
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