Innovation-Driven Dis-Inflation Distorts Perceptions of the Economy

While most economists spend a lot of time collecting and analyzing inflation, productivity, and income growth data, a growing number of experts conclude that the government’s price and wage estimates are close to worthless.  What’s the problem?  What are the implications?  And what can Americans expect in terms of real incomes, wealth and productivity?  We’ll provide the answers you need.

On the central economic questions of inflation, productivity, and income growth, our perceptions are largely dependent o.....

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