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the "real" assessment of that depends on whether the inflation-adjustment (in this case CPI), is credible and/or accurate...
CPI from my understanding shows price inflation, but wouldn't monetary inflation come to bear on real wages too? The relationship between these aspects has always been intriguing, in need of clarification for me!
yeah, I've long wanted to do a deep dive into all of these.
My short, intuitive answer is that monetary inflation does show up in price inflation. That is, aggregate prices (#820834) don't increase unless there's money expansion involved. (The reverse isn't always the case: money can expand without prices doing anything, either because 1. they show up in assets and/or go overseas, or 2. they stay fixed in the banking system and thus never hit the real economy where they could bid up prices/wages)
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Makes sense. It seems to get dicey when trying to treat "shelter" in CPI, since real estate is the ultimate shitcoin scam 😄
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