Apropos of getting into an argument about the quantity theory of money on Twitter, the new CPI data came out today — and it continues to be consistent with the Dynamic Information Equilibrium Model (DIEM — paper, presentation) forecast from 2017. Here's year-over-year inflation:
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CPI and DIEM inflation forecasts
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Apropos of getting into an argument about the quantity theory of money on Twitter, the new CPI data came out today — and it continues to be consistent with the Dynamic Information Equilibrium Model (DIEM — paper, presentation) forecast from 2017. Here's year-over-year inflation: