Why Official Inflation Measures Don't Work

Why Official Inflation Measures Don’t Work

Tags: Other Schools of Thought, Philosophy and Methodology

05/23/2020 Karl-Friedrich Israel

In theory, it is possible to adjust inflation measures to account for the many constant changes in prices resulting from changing demand, quality, and innovations. But it’s essentially impossible to execute these adjustments accurately.

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Original Article: “Why Official Inflation Measures Don’t Work“

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