@pmarca CPI isn't obviously flawed, so perhaps software has only eaten enough to drive inflation to ~0 (and it has plenty more appetite).
@abenomixx Demand-side stagnation makes sense, but impact is shrinking as economy recovers. Interesting to see if inflation picks up soon.
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@abenomixx That's the weirdness I'm trying to understand: how you can have a recovery without inflation. Tech seems likely cause IMO. -
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