By comparing median total living costs to reflect what's typical. A cell phone a... | Hacker News

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		naasking on March 22, 2023 \| parent \| context \| favorite \| on: America’s banks are missing hundreds of billions o... By comparing median total living costs to reflect what's typical. A cell phone and computer are indispensable today, a land line not so much, for instance.

geysersam on March 22, 2023 [–]

With that definition, won't you conflate inflation with changes to income distribution and economic growth?

Having a 2% inflation target would in practice mean having a target for median living cost increase.

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