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A comment on More money than anyone imagined: an explanation for why the bubble never burst. Parent comment

Re:More money than anyone imagined: an explanation for why t... by wwweston on Friday July 26, 2019 @03:53PM (#20537839)
Upvoted for the point that how inflation is measured matters a good deal to any discussion of whether fed policies of managing it are good for society as a whole.

But... a picture of specific problems with the measure the fed uses (PCE, apparently) would be better than vaguely implying it's bad. Apparently it does include housing expenses, medical care, education, and even recreation, so it's not clear it's just "a basket of consumer goods."

https://en.wikipedia.org/wiki/Personal_consumption_expenditu...

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Re:More money than anyone imagined: an explanation for why t... by lumost on Friday July 26, 2019 @06:36PM (#20538965)
Looking at housing costs without considering current price e.g. ( rental equivalent ) is a tricky business as it will lag current conditions by decades as a relatively small portion of the population pays current prices.
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