[The once and future king]

Hmm an alternative to the hiding hypothesis is that there has been massive inflation shown by reliable metrics.

Look at the housing market for example. This has inflated alot in the USA (till recently). Not saying that CPI isnt fudged to a high degree, just that it isnt a case of omfg where is all the new money going why aint it showing up on the radar. It went into assets etc of which housing would be a prime example,that definitely showed up on the radar.