tag:blogger.com,1999:blog-5713178645208582139.post9109818517696818291..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Ramesh Ponnuru Schools Niall FergusonDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-25738970850588949722011-05-17T17:36:32.906-05:002011-05-17T17:36:32.906-05:00Inflation is low. Okay. Except that the measure is...Inflation is low. Okay. Except that the measure is for things that most people don't buy every day (like iPads) and excludes what they do buy (like gas & food). <br /><br />Housing prices in CA continue to erode and wages here have been driven back at least ten years.<br /><br />Everyday prices are going up while home values and wages are going down. <br /><br />Printing money to Billhttps://www.blogger.com/profile/08252534544772097808noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-60437695407621313912011-05-08T15:57:47.820-05:002011-05-08T15:57:47.820-05:00The right-wing (to which I might belong otherwise)...The right-wing (to which I might belong otherwise) has gone nuts. Birthers, and inflationistas, and who knows what.<br /><br />Here's one: Some righties say the CPI is deeply flawed, we have 10 percent inflation. If true, that means real income in the USA is wildly overstated, and the GDP is contracting.<br /><br />If true, that means socialist Europe has passed us in recent years, bringingBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com