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There should be an attempt to calculate inflation separately from changes in productivity. Tech, for instance, has largely been deflationary due to technologica

There should be an attempt to calculate inflation separately from changes in productivity. Tech, for instance, has largely been deflationary due to technological improvements. Real estate, on the other hand, has been inflationary due to monetary policy. CPI doesn’t capture that at all. They should also add real estate and other assets to the inflation calculation. Stock valuations have been historically high. Put another way, $100 today buys you less future cash flow than in past years.

dragonwriter 3y ago
> There should be an attempt to calculate inflation separately from changes in productivity. Two questions: 1. What does that even mean? 2. For what use? > They should also add real estate and other assets to the inflation calculation. There is plenty of tracking of asset prices. Why should it be part of generic (i.e., consumer) inflation, other than to break all the processes that depend on that measuring consumer prices as distinct from producer prices, asset prices, etc.?