"It will give us, for a course of years, good government and then only end, due to the corruption of the people, in despotism, which will be the only form of government suitable for them." -- Benjamin Franklin on the Constitution Philadelphia, 1789.

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Recent revelations have shed light on a startling reality: Housing inflation is grossly underestimated by official metrics. The government’s methodology, particularly changes made in 1983 in measuring housing inflation, paints a misleading picture.