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Reads like it was written by someone who reads many inflation “truthers,” but is too empirical to believe the hype. Correctly rejects the asset-price inflation theories, which hold that the stock market, Bitcoin, and fine art appreciations are evidence of hidden inflation. Also correctly points out the flaws in CPI, while ignoring the many improved inflation measures, like trimmed mean, the MIT billion price index, or the Fed’s preferred core PCE measure.



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