That's a bold statement. I haven't been tightly monitoring it lately, but I would find that hard to believe.
I agree with you in that it normally depreciates powers, but maybe in the right quantities this wouldn't be the case?
Historically, it seems like it has been that way with these uniform price auctions we've had, though.
That's sort of what I was getting at before; I'm trying to probe this and see if there's any inflation we could attack.
I don't know any counterexamples off the top of my head, but maybe if we keep a more loose definition of your use of "absurd" that would give us more options for eligible powers?