This is just more brainwashing from the discredited "establishment" of mainstream economics. The idea that firstly you can accurately measure some kind of average of "prices" in the economy, given the rapid changes in the nature of goods that are actually purchased, and secondly that this inaccurate statistic is actually useful for taking any kind of macro-economic decisions, is one of the great intellectual misadventures of the present time. In the decade leading up to 2008, the thought leaders of economics and politics continuously proclaimed that "inflation" was low and under control and that therefore the "economy" was running smoothly and there was nothing to worry about, and the rapidly expanding asset and credit bubbles could safely be ignored. How did that one turn out?
The "majority of people" also believe they are more intelligent than the average person.
Nope. Reiterating the same incorrect statements again doesn't make them any less wrong.
Any other "simple stuff" you think is correct that you would like to explain? Perhaps you think the earth is flat, or that the banking system is perfectly safe, or that the eurozone cannot fail?
