Inflation is differential and restructuring (2021)
If this perspective carries the day - which is plausible - then all it will reveal is that basically nobody in the voting public should care about inflation:<p>1) Inflation is not a useful metric for financial planning. If your investments are keeping pace with inflation then you have completely failed to position yourself correctly relative to the massive money creation going on. The gold price trend is posting consistent real returns vs the CPI - which is stupid (if you believe the CPI measures inflation, anyway).<p>2) Inflation isn&#x27;t a fair metric for referencing on wage raises. Again, we can see that wage earners are slowly getting crushed as a % of the economy [0]. If they are focusing on keeping up with the CPI then they&#x27;ll get distracted from the fact that they could be doing a lot better if they could re-link wages with productivity.<p>3) Nobody knows how the CPI is calculated. If someone can find out the actual methods, weights and inputs then report back you get a virtual gold star. I did it once and it is a labyrinth to work out what they are actually measuring - I don&#x27;t believe more than a small fraction of the people debating inflation understand or care about the details of what it measures.<p>To cap off a mild rant; it is not obvious why we care about what the truth about inflation is. Few people understand the number and it is unclear what use it is for decision making.<p>The more concerning factor is that the government is creating money on a grand and accelerating scale and that is going to end badly, like it always does. Cite some examples where it has led to a golden age? Printing money literally does not and cannot plausibly solve real problems.<p>[0] <a href="https:&#x2F;&#x2F;www.weforum.org&#x2F;agenda&#x2F;2020&#x2F;11&#x2F;productivity-workforce-america-united-states-wages-stagnate&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.weforum.org&#x2F;agenda&#x2F;2020&#x2F;11&#x2F;productivity-workforc...</a>