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A comment on America’s banks are missing hundreds of billions of dollars. Parent comment

Re:America’s banks are missing hundreds of billions of dollars by geysersam on Wednesday March 22, 2023 @11:47AM (#35262890)
But how are you going to compare prices between two periods if you don't include the same items in the "market basket"?
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Re:America’s banks are missing hundreds of billions of dollars by naasking on Wednesday March 22, 2023 @12:05PM (#35263182)
By comparing median total living costs to reflect what's typical. A cell phone and computer are indispensable today, a land line not so much, for instance.
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Re:America’s banks are missing hundreds of billions of dollars by geysersam on Wednesday March 22, 2023 @01:35PM (#35264415)
With that definition, won't you conflate inflation with changes to income distribution and economic growth?

Having a 2% inflation target would in practice mean having a target for median living cost increase.

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