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It causes an allocation of more capital into non-productive assets such as gold, collectibles, land, etc.
FORBES: 10 Sins Of Inflation
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This can't be ignored: History tells us that in periods of dollar weakness money tends to flow away from the innovative economy and into non-productive, hard assets.
FORBES: Political Economy
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No doubt there is one, but this isn't due to money being too expensive as much as it's the result of capital flowing to non-productive, hard assets that tend to perform best when money is losing value.
FORBES: Dispelling long-held misconceptions