Robert Lucas said that it’s hard to stop thinking about growth dynamics once you start. With this chart, it’s hard to stop thinking about the... lack of dynamics. Often wonder what to conclude from it.pic.twitter.com/CgMgQZiG0N
That the basket of goods in cpi are designed to keep that graph a straight line?
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GDP delfator ≠ CPI
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Differenr basket selected by same people?
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