Inflation is NOT Cooling, CPI is LYING TO YOU! The December CPI report seems to show inflation is cooling. Or maybe it proves inflation is still sticky. It depends on how you interpret the numbers. But here’s the point Mike Maharrey makes in this video. CPI is not the full inflation story. If you want the real inflation signal, watch what actually drives inflation in the first place. The money supply and the Fed’s balance sheet. Inflation is an increase in the supply of money and credit. Rising
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