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Inflation is a loss of value and it hasn't happened until it has happened, and when it happens, you notice very much instantly.
by IfOnlyYouKnew 6y ago
Inflation is a loss of value and it hasn't happened until it has happened, and when it happens, you notice very much instantly.
- christophilus 6y agoNot really. It’s a matter of what you’re measuring. If you measure inflation by assessing the price of a Whopper, you won’t find much. If you measure inflation by measuring the cost of college tuition, you’ll find plenty. What’s meaningful varies dramatically from person to person. That’s why I think it’s almost pointless to talk about inflation as a single, measurable thing.
- imtringued 6y agoConsumer inflation is well defined and a policy goal so it does make sense. The problem is that you have to clarify which goods are inflating, otherwise you run into misunderstandings.