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Why have prices of building materials soared while consumer prices are relatively stable? This is easier to understand once we reject the myth of monetary neutrality and see how price inflation enters the market in different ways.
Original Article: "Why Producer Prices (Like Lumber Prices) Are Rising Faster Than the CPI"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Chris Calton is an economic historian and a former Mises Research Fellow. He was the writer and host of the Historical Controversies podcast.