Re:Summers: Inflation Reached 18% in 2022 Using the Governme...
by usaar333 on Sunday April 14, 2024 @01:17AM
(#40028833)
> Remember in 1963 only the man was working, and typically supported 4 kids, a wife and often parents in the home.
Things are a lot cheaper if you keep them in a 1200 square foot house
> Today you have 2 people working 100 hours a week to support 1-2 additional people , while living in an apartment and living in a run down and crime infested neighborhood.
Highly doubt people at this income rank were buying houses in 1960 and living comfortably.
> Summers is right more than heβs wrong
Entire argument is whether you should count interest or not. I can see arguments both ways
Things are a lot cheaper if you keep them in a 1200 square foot house
> Today you have 2 people working 100 hours a week to support 1-2 additional people , while living in an apartment and living in a run down and crime infested neighborhood.
Highly doubt people at this income rank were buying houses in 1960 and living comfortably.
> Summers is right more than heβs wrong
Entire argument is whether you should count interest or not. I can see arguments both ways