Wow, holy convoluted housing math

http://www.calculatedriskblog.com/2009/09/housing-tax-credit-and-consumer-price.html Calculated Risk, argues that the Housing Tax Credit will depress CPI numbers, while ballooning our deficit. How? We push more people to buy, they stop renting, the increased vacancies push down rents. Of course this is just how stupid the CPI is, because it's just common sense that printing all these dollars is... [more]

http://www.calculatedriskblog.com/2009/09/housing-tax-credit-and-consumer-price.html Calculated Risk, argues that the Housing Tax Credit will depress CPI numbers, while ballooning our deficit. How? We push more people to buy, they stop renting, the increased vacancies push down rents. Of course this is just how stupid the CPI is, because it's just common sense that printing all these dollars is INFLATIONARY, which the price of U.S. dollar and gold is showing. Perhaps the CPI metric is being gamed by the government, who has convinced the public that they should invest in bonds indexed off of it, or to receive cost of living increases based on it. Clearly government is conflicted with regards to CPI stats. And of course the housing credit will have unintended consequences on the Economy going forward. [less]