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Bitcoiners Are Trying to Redefine the Word 'Inflation'

A security cage protects the automated teller machine (ATM) of a cryptocurrency kiosk.

A security cage protects the automated teller machine (ATM) of a cryptocurrency kiosk.

Photographer: Valeria Mongelli/Bloomberg

These days there’s a lot of arguing about the definition of the word ‘recession’ and whether the US is in one or not.

And to be honest, you can kind of understand both sides.