[ikeboy]

Focusing on the parts of the inflation index that have gone up the most and implying that's the "real" rate of inflation is misleading.

I could write an article pointing out that wages have stayed the same but the cost of a computer has gone down by orders of magnitude - that doesn't imply that we're richer by an order of magnitude just as this article doesn't mean we're poorer

[diogenescynic]

Housing and healthcare are much more significant and frequent expenses than a computer tho. They’re also necessities.

[ikeboy]

Most of his discussion is about education which isn't necessity - and he ignores the subsidies, quoting sticker prices like most people don't get significant discounts

Also, looking at average cost is misleading because that includes purchases by people who gladly pay higher amounts because they can afford it. You want to look at the cheapest "reasonable-quality" cost to determine what's "affordable", not average.

[gcb0]

except price of computers have been steady or rising.

electronics is the one fake anchor in that list. and there are a few. when he says repeatedly that he won't contest the official number, that is an economist joke. the official number is a joke and it only matters that the number can withold by not affecting other numbers the fed have no control. if those other number respect the ramdon number, the random number holds. if not, the random number is adjusted to meet reality as needed. so the "measure measures" joke in the article. inflation index is an index alrigth, but not of what everyone thinks it is.

[ikeboy]

Citation?