"Money Illusion" sounds like the sort of thing your economics teacher droned on and on about, causing you to yearn for a nice nap during class. But is it a real thing? And if it is...why does it matter?
In this episode, the Inflation Guy explains money illusion, presenting some of the evidence that it is (at least some of the time) a real phenomenon. He uses current observations where you can see money illusion at work, and then explains why it is very important that policymakers understand how important money illusion is, and over what time scales.
NOTES
Article: Fox News New Hampshire Voter Analysis Poll
Article: AP Poll from October
Blog Post: Shortages Are Unmeasured Inflation
Blog Post: Inflation Sherpa
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