You can get a car loan (a depreciating asset) at 2% these days. Odd things happen when money gets very cheap.
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We could spend all day arguing about the correct measure of inflation. If you own your residence, the CPI isn’t a terrible measure. Health care inflation is problem but that has zero to do with the money supply.
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Or a bond that pays you to not work for the rest of your life.
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Inflation is only low if you live in your parents basement and eat ramen and pay for Netflix. Asset inflation is a thing.
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True. Universities are capturing a greater percentage of the value they create but that has little to do with monetary policy. My fix: state legislatures should hard cap the percentage of budget that public universities can spend on administration and non-teaching staff
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