I live near there. Carmel is now a very nice place to live, easily the nicest place to live in the State. It has very impressive walkable areas, tons of new restaurants and shops, the best schools in the state. It has become easily the most desirable place to live in the region, and good jobs have followed that.
There are a few lower cost apartment complexes, but for the most part they commute from adjacent communities because wages in low-income jobs are usually pay 15-25% better in Carmel.
>Things typically become labeled "medicine" when they've been work and have been tested
Eh, sometimes. But often things labeled "medicine" are things that companies can get FDA approval for, patent, manufacture, ensure shelf stability, label with a brand, and sell to customers at a high margin. There are lots of plants that are proven to work but aren't sold to customers because they can't meet some of those criteria. They aren't necessarily worse, just can't be be sold at scale profitably.
I don't know why your comment was dead/flagged, what you're saying isn't a new thing at all. If anyone's interested in similar things look up patent evergreening. As someone using life-saving drugs that are patented despite the creators of the said drug selling the rights for a dollar to prevent pharmaceutical capture, this stuff is irritating at best and deadly at worst.
The Fed strategy is to reduce the rate of growth (1st derivative) or prices, not reduce the actual price level (which would be deflationary). And that's non-trivial for many reasons, including the fact that not every price signal responds the same to short term interest rate movements.
