Firstly, great article. Secondly, I was curious what index you used for the CPI research series. I found this one on FRED: Research Consumer Price Index: All Items, Index 1982=100, Seasonally Adjusted (CPIEALL).
But the graph doesn't look like yours. Maybe I'm missing smth embarrassingly obvious here but if not, could you point me in the right direction?
First off, it's just wrong that Unlearning Economics (UE) was saying we are measuring inflation incorrectly. Instead, UE's point was that addressing inflation concerns atm means addressing supply-side issues. But this seems to be what you think too. Here's a quote from the article below "the transitory inflation we are currently experiencing is more a result of pandemic-related shortages".
Joseph,
Firstly, great article. Secondly, I was curious what index you used for the CPI research series. I found this one on FRED: Research Consumer Price Index: All Items, Index 1982=100, Seasonally Adjusted (CPIEALL).
But the graph doesn't look like yours. Maybe I'm missing smth embarrassingly obvious here but if not, could you point me in the right direction?
So I was clicking through some of the links in this excellent article, and I got really confused by this one:
https://www.singlelunch.com/2021/09/20/inflation-is-not-cost-of-living/
First off, it's just wrong that Unlearning Economics (UE) was saying we are measuring inflation incorrectly. Instead, UE's point was that addressing inflation concerns atm means addressing supply-side issues. But this seems to be what you think too. Here's a quote from the article below "the transitory inflation we are currently experiencing is more a result of pandemic-related shortages".
https://apricitas.substack.com/p/yes-inflation-is-transitory
Am I misunderstanding you? Or did you just that article because of its discussion on cost of living vs. inflation?