“This article looks at 150 years of data across multiple countries to provide a general idea of what inflation is, what to look for, and how to invest with inflationary and deflationary risks in mind.”
Economists can’t even agree on what the word means, so Alden splits it into money supply, consumer prices and asset prices. That split explains why the official number looked tame while houses and stocks went vertical. The people who already owned assets got richer. Everyone paying rent got the CPI.