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Can governments create an ocean of fiat currencies AND have low inflation?

*Bloomberg, by Gavin Finch and Min Zeng, December 6, 2007

“Euro-region inflation accelerated to 3 percent last month, the fastest pace in six years, after oil prices rose to a record. The ECB today raised its 2008 projection for inflation to about 2.5 percent from 2 percent. The bank, which aims to keep inflation below 2 percent, forecasts the rate will drop to about 1.8 percent in 2009.”

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