{"id":194828,"date":"2008-08-15T18:03:00","date_gmt":"2008-08-15T23:03:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/15\/bad-government-statistics-owners-equivalent-rent\/"},"modified":"2008-08-15T18:03:00","modified_gmt":"2008-08-15T23:03:00","slug":"bad-government-statistics-owners-equivalent-rent","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/15\/bad-government-statistics-owners-equivalent-rent\/","title":{"rendered":"Bad Government Statistics: Owners Equivalent Rent"},"content":{"rendered":"<p>In 1983 they stopped counting actually counting housing costs in the consumer price index (CPI) and started using something called <a href=\"http:\/\/themessthatgreenspanmade.blogspot.com\/2008\/08\/complete-and-utter-failure-of-owners.html\">owners&#8217; equivalent rent<\/a>.<\/p>\n<p>The argument was that it gave a better picture of inflation, but in reality, it just gave a smaller picture of inflation.<\/p>\n<p>Among other things, it would have had the Fed tightening sooner, because inflation would have been high enough in early 2004-2005.<\/p>\n<p>Go to the link for the chart pr0n.  Of particular interest is that core inflation would  be negative right now if we used the old metric.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 1983 they stopped counting actually counting housing costs in the consumer price index (CPI) and started using something called owners&#8217; equivalent rent. The argument was that it gave a better picture of inflation, but in reality, it just gave a smaller picture of inflation. Among other things, it would have had the Fed tightening &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[973,1089,992],"tags":[],"class_list":["post-194828","post","type-post","status-publish","format-standard","hentry","category-economy","category-recession","category-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194828"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194828"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}