I’m in Argentina for the day — literally (stuff came up, forcing me to make this a very quick visit; sorry, no time for media interviews or anything not already booked). And I thought it might be worth telling people something they may not know about the history of MIT’s Billion Prices Project.
The prices of houses in the Hamptons and high-end art are the “leading edge of hyperinflation.”
Never underestimate the ingenuity of inflation truthers. Every time it seems like they’ve hit rock bottom intellectually, they manage to come up with new and even more ridiculous reasons for why inflation is supposedly higher than the official numbers say it is.