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It's almost like capitalist economic theory is completely bogus and Marx was completely right :thinkin
As someone who is a complete idiot who doesn't know anything, I thought the recent :citations-needed: episode on inflation was really interesting the premise was that the term inflation refers to a general increase in prices, presumably due to too much circulating money etc. But that isn't what's happening - the prices of some goods are increasing with very identifiable roots, mostly the US sanctions on Russia, while the prices of other things are relatively stagnant.
I liked that episode and that last point you brought up. I think the single CPI number really mystifies inflation. It's just an abstraction and a very rough average of a bunch of prices that are going up at different rates for different reasons.
As someone who is a complete idiot who doesn't know anything, I thought the recent :citations-needed: episode on inflation was really interesting the premise was that the term inflation refers to a general increase in prices, presumably due to too much circulating money etc. But that isn't what's happening - the prices of some goods are increasing with very identifiable roots, mostly the US sanctions on Russia, while the prices of other things are relatively stagnant.
I liked that episode and that last point you brought up. I think the single CPI number really mystifies inflation. It's just an abstraction and a very rough average of a bunch of prices that are going up at different rates for different reasons.