https://www.bridgewater.com/its-mostly-a-demand-shock-not-a-...
I've always found this insightful.
I've always found this insightful.
Do you think the sudden loss of energy, which affects our ability to produce everything, has had a negligible effect on inflation?
If you want to adjust for reality, then find the actual rate of increase for rent and home ownership during the time frame. The US data lags considerably.