Wow,that was both eye opening and also not that surprising. Of course the government is cooking the books on inflation, and has been for a long time. But I woul

Wow,that was both eye opening and also not that surprising. Of course the government is cooking the books on inflation, and has been for a long time. But I would say instead of replacing reality, they are just substituting one fantasy for another. The money itself is an abstraction and it's not possible to compare value across time except as an approximation. The paper money from 1980 may still exist in a drawer somewhere and function as a financial instrument, but the economy it interacts with is radically changed. How do you hedonically adjust access to all the world's information and entertainment and instant communication with anyone anywhere? How do you hedonically adjust the difference between Covid with and without biotech. How do you hedonically adjust 2-hour delivery of every product imported from anywhere? How do you hedonically adjust Pacman to Halflife Alyx?