Re:The Fed has made a historic mistake on inflation
by bryanlarsen on Monday June 13, 2022 @09:54PM
(#31733951)
No, I think we completely disagree, you're just misreading my statement.
I say that inflation was too low 1990-2020 not because they mismeasured it, but because the Fed kept the rates too high.
The CPI basket undermeasures volatility, but it's not bad at measuring inflation. Not great, but every alternative basket I've seen proposed has been worse.
I say that inflation was too low 1990-2020 not because they mismeasured it, but because the Fed kept the rates too high.
The CPI basket undermeasures volatility, but it's not bad at measuring inflation. Not great, but every alternative basket I've seen proposed has been worse.