Would You Buy A Used Car From This Economist? (Is “Inflation” Real?)
- Monday, February 21, 2022, 7:13
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The Used Car “crisis” is the archetype of bottleneck-driven inflation. It is included as a component of the CPI, inappropriately, and with an exaggerated weighting, and has skewed the entire index upwards for more than a year. It is, so to speak, inflating “inflation.”
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