The Illusion of Low Inflation & the Hidden Alpha in Cryptocurrencies

No they’re not lining up for a Justin Timberlake concert, this is Venezuela, where to get a loaf of bread is to endure hours of a special kind of humid hell. This is what rampant inflation looks like.

Inflation has been so low for so long despite rapid economic growth in the developed world that it’s easy to take it for granted. That somehow, “this time is different” and that the masters of the economy have managed to have their cake and eat it, while still maintaining those six-pack abs. But the inflationary genie is not some sort of mythical creature who appears…