we’re still talking about inflation as a single number but the price charts always look like thispic.twitter.com/IHHukWjUpV
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the market basket is kind of a poorly founded assumption, depends on what you pick for it, and hides where the cost can be truly concentrated, where it can represent a huge increase in medical bills, college costs, housing
One way to look at this is thru the lens of jobs. The industries where jobs got outsourced to low-cost producers have seen massive cost declines. The industries that could protect jobs have not seen massive cost declines. What's the best outcome for society remains a question
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