The frustrating thing about when people talk about inflation is that they almost always are referring to price inflation when complaining. But when you hear people talking about it you think about monetary inflation. The advancements in technology are constantly driving costs down and prices as well. This masks the effects of monetary inflation. Then you have shrinkflation where candy bars and goods are shrunk but the price remains the same. Products are diluted to avoid sticker shock. I get it when its just plebs talking but it is unacceptable that government officials purposefully confuse people. And don't get me started on the economists. 99% of them are snakes.
Awesome point
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Great easy to read and understand book that is helpful in this regard. Its short and not full of wonkish economic nonsense.
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