What do we really know about inflation

Causation, measurement, and adjusting it

Takeaway

We probably know less about inflation than we believe we do.

What I don't understand about inflation

I don't understand inflation.

I get the concept of prices rising, sure. But for the longest time I haven't understood what causes inflation, how to measure inflation, and how to adjust inflation.

I also have a feeling nobody really knows either.

That'…

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