4 ms·
Congress isn't incentivized to fix inflation. On the contrary, stats are concocted from cherry picked consumer goods to show current inflation at lower levels t
by a_subsystem 3y ago
Congress isn't incentivized to fix inflation. On the contrary, stats are concocted from cherry picked consumer goods to show current inflation at lower levels than what is reflected in reality and the specific goods vary depending on their cost at the time stats are concocted. Assets also tend to accumulate value when inflation rises, and so congresspeople know this and accumulate assets that will do so.