If, like me, you like to nerd out on economic data and really understand the thought processes behind constructing them, this latest piece from Cam Murray on hedonic price indexes is worth your time.
https://www.fresheconomicthinking.com/p/lower-bound-problem-of-hedonic-price
> "the wild inflation (…) never emerged"
Asset inflation is still #inflation. The #hedonicAdjustments in how it's measured (by removing #assetInflation) are signs of a collapsing system vying to maintain ppl's confidence. Anyway inflation has emerged, and has signs of not going away anytime soon, in fact acceleration seems inevitable, but that is our opinion taking into account only want we (DSFGS) have learned.
@anubis2814
@anubis2814
This discussion gets to the meat and potatoes very quickly.
The low inflation in the past decade is false, again CPI gets #hedonicAdjustments so things that do go up in price, like #assets are omitted from the #basketOfGoods.
Products on shelves being kept somewhat cheap is a by-product of #offshoring, precarious just in time structures, #environmental abuses, #humanTrafficking and migrant abuse, outright #fraud and…1/2
