Verónica Bäcker-Peral @VBPeral · 16 Jul 2026
This is hard for two reasons. Historical price data are limited — Gordon (1999) called 1914–1947 "the black hole where little is known." And product quality changed enormously. If better products are treated as simply more expensive, measured inflation is too high and real growth https://t.co/7rnjKD3aRm
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