Jeff Snider from Alhambra Partners routinely makes this distinction: https://alhambrapartners.com/2021/10/13/perfect-time-to-review-what-is-and-what-is-not-infl

Jeff Snider from Alhambra Partners routinely makes this distinction: https://alhambrapartners.com/2021/10/13/perfect-time-to-review-what-is-and-what-is-not-inflation-and-why-it-matters-so-much/ https://alhambrapartners.com/2021/10/13/perfect-time-to-revi... They have a great podcast: https://podcasts.apple.com/au/podcast/eurodollar-university/id1506469669 https://podcasts.apple.com/au/podcast/eurodollar-university/... and routinely appear on finance podcasts to explain this.