If we compare earnings growth to Underlying Inflation Growth, we find that price inflation as measured by the UIG has outpaced earnings growth in 16 out of the last 24 months.

If we compare earnings growth to Underlying Inflation Growth, we find that price inflation as measured by the UIG has outpaced earnings growth in 16 out of the last 24 months. | @ryanmcmakenhttps://t.co/NncO8UVqwd

— Mises Institute (@mises) October 12, 2018