trustno1

Chicago is very cheap.

Ah, more elitism from the Valley folk. If you were to leave your bubble for a bit, you’d find any significant urban area offers the same benefit: Chicago, NYC, Boston, etc.

The Fed's monetary policy exactly fits the definition of "taxation without representation".

I'm sorry, what? Everyone commenting on this article is discussing inflation.

Inflation is not low, but the Fed must continually repeat that it is else the public would realize their savings and wages are being inflated away to pay off mountains of bad debt.

The fed's monetary policy is taxation without representation.

> inflation aren't low

Inflation is only low if you trust how the Federal Reserve is calculating it. Personally, I think the weightings they assign to various categories are intentionally incorrect.

Anyone who lived through 2008 knows better than to think inflation was sub-2% -- yet many savings accounts have been paying 0.01% interest for over a decade.

The fed's monetary policy is taxation without representation.

So our savings will be inflated away at an only a slightly slower pace now? How kind of the Federal Reserve!