Why Use CPI as Our Measure of Inflation, When Other Measures Matter More?
Why Use CPI as Our Measure of Inflation, When Other Measures Matter More? Thursday November 19, 2009#spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3)Veronique de Rugy in Where’s That Inflation?: In an email message, Murphy adds: “I believe we are currently witnessing a bubble in Treasury debt. I consider the current yields on 10-year U.S. government bonds to be absurdly low, just like the price of housing was absurdly high in early 2006. After this bubble bursts, investors will slap themselves on the forehead and say, ‘What were we thinking? Why did we rush into Treasurys even as the government told us it was planning to double the federal debt burden in a decade?’ ” The St. Lawrence University economist Steven Horwitz agrees both that inflation is already happening and that it is widely misunderstood. Monetarists, he says, were “too focused on aggregates like ‘the’ price level, which led economists to i
Related Questions
- I heard that some devices measure during inflation, but most devices such as the Microlife blood pressure monitors measures during deflation. What is more accurate?
- I heard that some devices measure inflation but most devices such as the MICROLIFE blood pressure monitors measures during deflation. What is more accurate?
- Is the Consumer Price Index (CPI) the best measure of inflation?
