Since the days of Samuel Vimes, durable goods have undergone spectacular deflation and health care, housing, and education have undergone spectacular inflation.
One month of median US rent buys three 55" TVs.
The math has changed.
Durable goods also seem much less durable. I go through way more fridges, dishwashers, etc then previously.
Durable goods also seem much less durable. I go through way more fridges, dishwashers, etc then previously.