CPI and CDG

54
Wed, Feb 10, 2021 - 10:52am

Another remarkably tame inflation report today as the CPI came in with a core rate of 0.0% and an annualized rate of just 1.4%. Of course, we can argue this all day long but, for the purposes of calculating real, inflation-adjusted interest rates, that headline number is the one that matters.

We all know this is nonsense and the idea that prices aren't rising is a matter of hedonic adjustments and bullshit that was institutionalized into the system by Alan Greenspan and Congress nearly three decades ago. This tweet below is a concise summary. Add all these together and magically...

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