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Inflection Point
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The Real Connection Between Inflation and Oil Prices Back in the Sixties and Seventies
i just read a, you know, minutes from the green book back in the late sixties and seventies at the onset of when inflation was happening back then. I mean, it is like, eri, erily, erily similar. The difference is inflation spiraled out of control for exactly the reason you talk about, that they were using bad data. It's what some called owner's equivalent rent, instead of property prices. Owner's equivalent rent doesn't really do a good job any more, because the prices now ere sky rocketing everywhere. And it disappears in 30 minutes, with 20 offers above 40% above market value. Allo is money’s illusion
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