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if you use a more reasonable calculation of inflation and calculate real GDP according to that, you'll see we've been in recession almost half of the years for the last 25 years.

Personally I prefer to use the US case shiller housing index as a good indication of long term inflation. Housing prices are so high, it is the basket of goods that matters the most.




You might be confused by the CPI. The GDP is actually adjusted using a different measure of inflation (the "GDP deflator"), which looks at the actual purchases made in the country over that period. There's not really any "reasonable" alternative calculations to be made there.




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