Today on the Brief:

Elon Musk saves an SNL flop with a dogecoin satellite
Growing interest in Ethereum
UBS explores offering crypto to wealthy clients

Our main discussion:The Wall Street Journal and Bloomberg are both running headlines about increasing consumer prices. For now, most pieces like these remain a healthy combination of spot data (in other words specific companies raising prices) and anecdotes versus aggregate data. That isn’t stopping a new inflation narrative from forming, however. Listen to find out what it means.

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If Prices Keep Going Up, We Might Have to Start Calling It Inflation