Passive investing has exploded over the past decade — but is it distorting stock prices…
#35 Reflections on Investing : Inflation and Relative Prices
Relative price changes, changes in the price of one good or service relative to others, are often confused with inflation but are fundamentally different. This difference can lead to a misunderstanding of the causes of inflation. In this video, we explain the difference and what it implies for policies to control inflation.