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Consumer price inflation is not the same thing as asset price inflation. They're in two different worlds. Asset price inflation rarely transfers to consumer pri
by dannyw 6y ago
Consumer price inflation is not the same thing as asset price inflation. They're in two different worlds. Asset price inflation rarely transfers to consumer price inflation, because when you have $100M you are probably putting that into assets (e.g. luxury house) and not buying 1 billion macbooks.