Source: Why AI Won’t Cause Unemployment – Marc Andreessen Substack
It is interesting to see that hospitals, colleges dominated by public universities and colleges, medical care, and so on have the highest inflation in prices.
Also note that housing costs roughly track inflation – which is an okay deal for you but a really good deal for the government. You buy a home for $200,000 and sell it 13 years later for $500,000. You’ve stayed roughly equal with inflation (the devaluation of the dollar) – but much of your gain may be taxed by the Federal and state government as a capital gain. Hence, inflation helps the government pay its bills.
