"We Are Measuring Inflation All Wrong: Non-Housing Inflation is Very Low"
June 12, 2023
Interesting piece by Alan Reynolds, senior fellow at the Cato Institute. It seems mostly persuasive but not completely: if the CPI is as messed up as he contends, how and why did it get to be so messed up? What forces have kept it that way? And finally, why do people seem to be complaining--,more than usual?--about rising prices?