No inflation has been zero or negative effectively in the US in the last decade in most parts of the US https://twitter.com/kdzeja/status/851933784815435776 …
Taste inflation --> consumption shifts due to deflation elsewhere, eg computers, books, video, movies, music, Chinese imports...
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Yes. This is the big one: changes in the basket of goods. You get real voodoo when economists rationalize new tech vs old....
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Like "this HAD 44 inch TV is $2k, but is roughly equivalent to a $300 tv from 15 years ago" because of value. Even worse for laptops.
End of conversation
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