@AlanAnnenberg @kurtsaltrichter And I’m the sucker that bought series I bonds thinking the fed actually cared about measuring inflation accurately.
It’s all exercises in justifying more money printing.
@WomanDefiner It also distorts wage comparisons within single generation households over time. A household in 1970 could be supported with one income earner, whereas today it’s two and there’s no way to show the difference.
It’s all gov distortion of stats to make the present seem less bad.