The printing from 2008 DID cause massive price inflation. A shame to see Austrians from MisesU like Bob Murphy repeatedly concede defeat on their 2008 inflation predictions because it didn’t register in CPI. To the point that it’s a meme for them.

Too many still put too much faith in the statistics from the Ministry of Plenty. À la Saylor, do college degrees, medical costs, early retirement, equity dividends, prime real estate, etc not count for price inflation?