Deep-Six The CPI—It Measures Excuses For Money Printing, Not The Real Cost-Of-Living

Deep-Six The CPI—It Measures Excuses For Money Printing, Not The Real Cost-Of-Living | David Stockman's Contra Corner:
"Those claiming the weighting is accurate face a blizzard of legitimate questions.
For example, if healthcare is 18% of the U.S. GDP, i.e. 18 cents of every dollar goes to healthcare, then how can a mere 7% wedge of the CPI devoted to healthcare be remotely accurate? 
In my analysis, the debate over inflation is intrinsically flawed.
What really matters is not the overall rate of inflation, which can be endlessly debated, but the purchasing power of earned income, i.e. wages and the exposure to real-world costs."