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Descendants of Friedman since renounced any capabilities of such policies to influence the business cycle. In turn, there has been a more recent reaction against them
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In general, the data cited here are conventional government statistics. The sources are the Bureau of Labor Statistics, the Bureau of Economic Analysis, and the U.S. Census Bureau, which compiles statistics such as the Consumer Population Survey for the BLS. I will not repeatedly cite sources for forthcoming statistics, unless they were dependent on analysis by individual economists that may be controversial.
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The Bureau of Labor Statistics offsets automobile inflation for improvements in quality, such as durability. But for the most part, American consumers pay for the improved quality
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