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It's not about the pace, it's about the direction we've set. The pace is of course a function of many factors, including the magnitude of the supply shock. But what's probably more important is the probability of the supply shock translating into sustainable embedded inflation. ↗
Colonialism is known in its primitive form, that is to say, by the permanent settling of repressive foreign powers, with an army, services, policies. This phase has known cruel colonial occupations which have lasted 300 years in Indonesia. ↗
