> CPI is a joke, they do something called hedonic adjustments to things like tech products etc.
Hedonic adjustments have very minor effects on tech products (which is one of the few areas I've seen a detailed impact analysis, though not recently enough that I have it at hand.)
> Technology is deflationary, things should get cheaper because we go after producing them in creative ways one demand is high.
And...they do. Hedonic adjustments have an effect on how that is reflected in inflation statistics, but they don't effect the underlying processes.
> CPI is absurd, it only perpetuates consumerism and punishes savers
I think your are (among other errors with that description) confusing measuring inflation with policies targeting a small positive level of inflation. CPI doesn't do either of those things.
Hedonic adjustments have very minor effects on tech products (which is one of the few areas I've seen a detailed impact analysis, though not recently enough that I have it at hand.)
> Technology is deflationary, things should get cheaper because we go after producing them in creative ways one demand is high.
And...they do. Hedonic adjustments have an effect on how that is reflected in inflation statistics, but they don't effect the underlying processes.
> CPI is absurd, it only perpetuates consumerism and punishes savers
I think your are (among other errors with that description) confusing measuring inflation with policies targeting a small positive level of inflation. CPI doesn't do either of those things.