I'm sure it applies to Xbox too, but I priced out today's PS to the PS1 and it closely follows the inflation rate that M2 has undergone. M2 expansion is the prime driver of prices, after supply & demand. Normalize SPX, gold/silver, etc, to M2 and see that they all run in fairly horizontal channels. You can even see nominal GDP normalized to M2 having been flat initially and then transitioning into a downward sloped c…
Reading this made me question my own mental stability.
Also implying that inflation is under-measured, perhaps deliberately. Which definitely seems true for anyone who's experienced inflation.