Tag Archives: CPI

Washington’s Definition of Middle Class

I saw this proposal in Lori Montgomery’s article on fiscal cliff talks yesterday: Fresh tax revenue, generated in part by raising rates on the wealthy, as Obama wants, and in part by limiting their deductions, as Republicans prefer. The top … Continue reading

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Why are health and education costs exploding? Clues from Long Run Relative Prices

This isn’t the prettiest chart I’ve ever made, but it’s quite important. It shows that health  (shades of blue) and education (green) prices have increased nearly 7X more than durable goods prices (reddish colors) since early 1980s. This massive increase … Continue reading

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