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The title makes this sound like another conspiracy theory about the government suppressing inflation in official numbers, but the article is actually a rational dive into the non-uniformity of inflation across various categories.

The last section attempts to link "differential" inflation to oligopolies, and I'm not sure I buy their arguments there, but it's thought-provoking nonetheless!



Did not have that idea when I read the title. Then again, I accept every view of inflation as just another well-intentioned guess as to what that actually is, since nobody can agree as to why we actually observe it IRL.

For me that applied even to the (second?) Zeitgeist movie on monetary theory, which was a very opinionated or even conspiratory view on the financial system, yet that was the model that actually stuck for me: Due to a single interest rate that was once taken higher than zero, there now is never enough money to pay back all debts. AKA there is no money, it just represents some else's debt.


Just a note: I meant the article title ("The Truth About Inflation") and not the (subsequently changed) submission title (which is now "Inflation is differential and restructuring (2021)").




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