Listening to people talk about inflation is a good reminder that no one knows what they're talking about because we haven't seen growth levels like this in a LONG time. Here's my thoughts in a thread 🧵 with 12 tweets in all posted in the replies: Too many people confuse YoY growth (first chart) and the actual price index itself (second chart). On the second chart, inflation has been on a nice steady trend since the early 80s. This is the first time since then that we've gone parabolic and deviated from the trend...