>Second, and the big point that the article missed entirely, is that real gdp per capita HAS been declining, reflecting that decrease in standard of living that

>Second, and the big point that the article missed entirely, is that real gdp per capita HAS been declining, reflecting that decrease in standard of living that one would expect to see if inflation were understated. Not true. See https://fred.stlouisfed.org/series/A939RX0Q048SBEA https://fred.stlouisfed.org/series/A939RX0Q048SBEA And why resort to conspiracy theories? Look at other data sources. They are consistent with the official inflation rate. E.g. https://fred.stlouisfed.org/series/T10YIE https://fred.stlouisfed.org/series/T10YIE or MIT Billion Prices Project.