A colleague told me today, "The 2% inflation rate doesn't explain the massive increase in prices. Companies must be raising prices unjustifiably".

I replied: "Yeah, either that or the market dynamics are still working and the number is just fake."

*silence*

Reply to this note

Please Login to reply.

Discussion

Imagine what will happen when all the academic economists wake up and realize their entire life's work was a big fat lie.