| > The inflation has been in speculative assets. From what I recall, all the 'inflation hawks' that were complaining about the Fed's QE were talking about the CPI and turning into Zimbabwe (or wherever): > The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed's objective of promoting employment. * https://economics21.org/html/open-letter-ben-bernanke-287.ht... > Thus when Bloomberg tried, four years later, to track down economists who signed the infamous open letter to Ben Bernanke insisting that quantitative easing would “debase the dollar,” it couldn’t find a single person to admit that the original warning was wrong. * https://www.nytimes.com/2018/01/23/opinion/the-durability-of... > In addition, there is debate about how accurate the inflation figures are. There are different inflation figures, and they each focus on slightly different things, and there is some debate as to what best measure what "real people" experience in day-to-day life. There are also "perma-too-low" types who say that the books are being cooked, but I think it's been shown that the official numbers are fairly accurate: * https://en.wikipedia.org/wiki/MIT_Billion_Prices_project > Some alternative measures are far higher. Do you have example(s) of these "alternative measures"? |