I liked this line by Paul Krugman in a recent story referring to how the inflation story is like a game of musical chairs:
“So it’s always the 70s, if not Weimar, and if the numbers say otherwise, they must be cooked.”
That’s basically right. But just in case you’re having any trouble winning inflation debates lately you might want to come armed with this flow chart just so you can be certain that you don’t get bamboozled by someone with the facts. I hope you find it helpful:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.