From the 70's through the 90's, the US inflation rate was around 5-8% per year, peaking at 13%
Since the 2000's, inflation has decreased towards less than half a percent
Meanwhile, the costs of healthcare, housing, and education have ballooned (say, for the sake of argument, 4-fold).
Over 20 years of ~7% real inflation, that's a factor of (1.07^20 = 3.86)
Doesn't this mean that housing, medical, and education costs are, in fact, what they should be, and only wages and commodities have been stagnant?
Since the 2000's, inflation has decreased towards less than half a percent
Meanwhile, the costs of healthcare, housing, and education have ballooned (say, for the sake of argument, 4-fold).
Over 20 years of ~7% real inflation, that's a factor of (1.07^20 = 3.86)
Doesn't this mean that housing, medical, and education costs are, in fact, what they should be, and only wages and commodities have been stagnant?
