Here's an update of what was called last year as "One of the most important charts about the economy this century.” Price Changes of selected consumer goods and services over the last ~20 years. It made the rounds at the Fed last year. @ritholtz @slangwise @AEI @MichaelRStrain pic.twitter.com/pt8UEJSIL5
— Mark J. Perry (@Mark_J_Perry) January 11, 2019
A graphic picture of the Law of Supply and Demand. Most of the “more expensive” items are those for which bundles and bundles of Federal Government money are thrown.