A recent study conducted by Harris Public Policy Professor Bruce D. Meyer was featured in The Wall Street Journal to showcase a collection of overstatements in consumer price increases. These overstatements contribute to a lack in awareness of improvements to consumer well-being. 

"We are having major debates based on measures that are demonstrably wrong," Gramm and Early write. "We are artificially inflating government benefits and cutting taxes based on bad measures of inflation."

Full coverage available at The Wall Street Journal.