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The price of anything that can be converted to a monthly payment, which is most things in this highly financialized economy, inflates when the interest rate is
by prottog 4y ago
The price of anything that can be converted to a monthly payment, which is most things in this highly financialized economy, inflates when the interest rate is artificially suppressed. The CPI understates that kind of inflation because it looks at the monthly payment, and not the final price. So there are plenty of things like houses or college degrees that have inflated a lot more than the CPI in that "quite a while". There is no reason to believe that the value of money is immune to the law of supply and demand.
Besides, if you have an argument to make, you can make it without calling somebody an 8th grader.