If we're allowed to pick and choose our time series, the quarter century before that MIT saw inflation at almost double that of the grade inflation poster child, Harvard.
Yeah, you can rationalize based on outside events, but without real data on how much of the change is actually attributable to those things, you're just fitting facts into your worldview. How do we know there aren't similar events in the quarter century you've chosen that are forcing deflation?
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If we're allowed to pick and choose our time series, the quarter century before that MIT saw inflation at almost double that of the grade inflation poster child, Harvard.
Yeah, you can rationalize based on outside events, but without real data on how much of the change is actually attributable to those things, you're just fitting facts into your worldview. How do we know there aren't similar events in the quarter century you've chosen that are forcing deflation?