Evan @Evan - 3d
TIL asset price inflation is not inflation #econstr
Matt⚕️ @Matt⚕️ - 3d
No, but it is affected by monetary inflation. Especially since that's now a major vehicle for protecting oneself from inflation.
Exactly, inflation is always and everywhere a monetary phenomenon
Totally agree with that. But this observation can be twisted to confuse people. That's why I always add the "but". Because although certain things may be true price increase, that doesn't mean inflation had nothing to do with it. Our system is so fucked that you almost need the ability to perform forensic autopsies on everything. And any time I do, inflation or government is always to blame for deep, drawn out economic issues. Issues left to market forces rarely last very long. Even supply and demand issues can be caused by government decisions. It's all fucked.
