Asset Prices Are 'Prices' Too...
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Authored by Thorstein Polleit via The Mises Institute,

We live in inflationary times.

Some people might consider this statement controversial. This is because these days inflation is widely understood as a rise in the consumer price index (CPI) of more than 2 percent per year. However, there are convincing reasons to question this viewpoint. On the one hand, the CPI does not include “assets” such as, for instance, stocks, housing, real estate, etc. As a result, the price developments of these...

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