Almost everyone missed it.

Eurodollar University · Feb 15, 2023 · 20m

The fatal flaw is deeply embedded, even within the language we use to describe CPIs. We are wrongly led to believe consumer prices reflect the economy, when in truth those over the past few years have been set by a litany of non-economics. Before examining the US CPI for January '23, we discuss the one case which establishes beyond any doubt this error.

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