Worth to mention that inflation is more sneaky than it seems. It has been partially mentioned with the degradation of the quality of stuffs or services bought. Another way to cause inflation is the increasing number of law bited and applied that owners need to comply with. Bein up to date with the legislation,etc is clearly time consuming. This always comes at yhe owner's cost and can't hardly pass to their clients ( unless you're Amazon or Apple). I would recommend to read Thomas Sowel's book and an artcile that blow my mind called "being poor is expensive". This shocked me as I realised how true were his statements.

This is unbelievably adept. It's weird how understanding this concept is like a virus for your mind, that once you see it, reframes everything else. It happened for me and it clearly happened for this author.

They say "follow the money" if you want to understand something, and if you want to understand or socio political system the way you follow the money is by understanding the fed and monetary policy.

Great read. Inflation has become one of those numbers where we assume the definition is reasonable but it often breaks down when in contact with reality. In this case the basket of goods used to calculate the CPI didn't match the goods the author's business needed.

I'd like to see independent (ie. Not made by government agencies) estimates of real world inflation.

Do they exist?