The Real Invisible Hand

If I told you what it takes to reach the highest high
You'd laugh and say, 'Nothing's that simple.'
--The Who

Anyone with eyes can see that price based inflation (i.e., CPI) is under-reported. But even at an under-reported 2% annual rate, sage Richard Russell notes:

"Compound 2% inflation year after year, and you know what's happening? You've effectively wiped out the middle class."

Perhaps inflation is the real Invisible Hand.