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Eshwar Profile picture
Eshwar
@eshwar_nc
Trying to lose all identities
May 2, 2021 • 7 tweets • 3 min read
Continuation of previous series

1/n
Ever wondered why USD keeps appreciating against INR. Why the shiny new phone priced in dollar keeps going up in rupee terms every year?

Let's get into the 🐇hole,

2/n

Inflation in Tamil is called "பணவீக்கம்" - literally meaning weakening of the money. Beautiful definition!

CPI is not a true measure of inflation (Pl read why). M2 money supply is a better measure. Let's look at India vs US M2 supply over last 10yr,