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Two Scaramuccis

Slate Money

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The Psychology of Inflation

I had a theory in my news letter this week that one of the things that is making inflation surprisingly easy is dynamic pricing. Because everything is on the intinete and everything hits digitald prices can move around much more than they used to be able to move around. And it also makes it harder for people o have a mental idea of what prices should be. Do you buy it? Fully? Buy it? Im i'm fully buying it. I buy it. We should talk about inflation. A. They're constantly being told things are more expensive. B. It's like you kind of like extrapolate from one data point a bigger trend, even though it's not.

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