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You are talking specifically about consumer price inflation, which is as you state a well-specified concept based on a (hilariously disconnected from reality) w
by sjwalter 6y ago
You are talking specifically about consumer price inflation, which is as you state a well-specified concept based on a (hilariously disconnected from reality) weighted basket of goods and how the basket's price changes over time.
Inflation as a concept itself is much broader than this.
The comment you're replying to is referring to asset price inflation, which has been happening hardcore.
You seem to be saying since the Fed's stupid basket hasn't shot up in price (based on what they're saying), that inflation hasn't happened?
- arcticbull 6y agoI’m saying CPI inflation (which is what people mean when they say inflation) has not gone up. I suggest that to prevent confusion among the readers that folks using a nonstandard (or at least non-colloquial) definition of inflation should make that clear.