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A comment on Our Broken Economy, in One Simple Chart. Parent comment

Re:Our Broken Economy, in One Simple Chart by JamesBarney on Tuesday August 08, 2017 @01:28PM (#14960160)
How would you describe the "true" inflation rate if not by the what the average person buys?

It seems like you have a lot of different prices in the economy, and if all prices stay the same, except milk goes up 20% and yachts fall 20%. How much has inflation changed? You have to pick some way to weigh the prices. And it seems to me that the best way to do this is weigh them by how much the average consumer is spending on them.

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Re:Our Broken Economy, in One Simple Chart by Retric on Tuesday August 08, 2017 @02:50PM (#14961189)
People still pay for hedge fund managers time, they just do this indirectly via 401k fees. Rather than look at some mythical 'the average person' you need to look at total spending because there is a lot of indirect spending going via corporations and the government.
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