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Mr Goodhart argues, therefore, that a rise in the price of a house (a claim on future housing services) or a share (a claim on future dividends) should be counted as inflation, just as much as a rise in the prices of carrots or cars.
ECONOMIST: Bubble trouble
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This creates a mismatch between future output (which will increase as a result of higher investment) and future spending (which will fall as a result of lower saving today).
ECONOMIST: The causes of booms and busts
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Rounding up the cast is Masha's boy-toy Spike (a splendidly buoyant Billy Magnussen), a housekeeper convinced she can see the future (a very game Shalita Grant) and an ethereal neighbor (the fairy-ish Genevieve Angelson).
WSJ: Review: Durang's 'Vanya and Sonia' a zany joy