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Something isn't adding up. There is no way $350 million 30 years ago is only worth a little more than x2 30 years later. I've never trusted CPI due to its ske

• dragonwriter 11y ago
  > Something isn't adding up. There is no way $350 million 30 years ago is only worth a little more than x2 30 years later. Well, for things that people in that range it doesn't, because the way the vastly wealthy have gotten wealthier faster than the median and lower means that the amount of money chasing the thing that segment spends money on has expanded much faster than is the case for the rest of society. > You also need to take money supply into consideration. Price inflation indexes already take money supply into consideration, since increases in the supply of money decrease the relative value of money vs. the goods and services it is chasing. So, no, you don't have to take it into account in addition to price inflation. Its simply one of the significant inputs in determining price inflation.