[roenxi]

> The other fallacy is that inflation is here, it's just not being measured by the Federal Reserve properly.

Another theory is a 0% inflation rate doesn't mean 0% inflation. It means inflation is close to the rate that goods/services are getting cheaper naturally as technology & market organisation improves.

[pmiller2]

That assumes that goods and services are getting cheaper, which isn't the case for several key necessities. In particular, housing, education, and medical care have risen far faster than inflation for the past 40+ years.