If "true inflation" is basically 0 right now, wouldn't that explain a lot about the recent rise in real estate and equity valuations?
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I ain't one of them fancy college economists, but I am very interested in understanding how sustainable current asset prices truly are.
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@paulbaumgart@pmarca Gordon's paper published 2006. Since July 2008 The Billion Price project validates much of CPI: http://bpp.mit.edu/usa/ -
@FabiusMaximus01@pmarca@paulbaumgart BPP does no such thing. BPP shows that start w/same assumptions, different methodology, same result. - 5 more replies
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