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Seriously??? Shadowstats is your source??? LOL!!! Their "1980 methodology" simply excludes a long list improvements in price measurement introduced over the past 30 years as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers. Would you believe as well that computers of 1980 were better than today's if some pinhead told you that they were?
Last edited by oaktonite; 07-12-2013 at 10:13 AM..
Seriously??? Shadowstats is your source??? LOL!!! Their "1980 methodology" simply excludes a long list improvements in price measurement introduced over the past 30 years as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers. Would you believe as well that computers of 1980 were better than today's if some pinhead told you that they were?
Tell me how inflationary calculations of today are better than 1980. How is it more accurate in real terms?
Some of the technical improvements in the CPI-U that have been made since 1980 are...
Introduction of owner's equivalent rent, quality adjustments in used car models, quality adjustments for the aging of housing units, quality adjustments for new clothing lines, unification of brand name and generic drugs, introduction of chained indexing to account for under-reporting of single-month rents, drift identified in owner's equivalent rent valuations corrected, improved methods for initial price estimation re new food-at-home items, quality adjustments for TV's and personal computers, improved accounting for within-category product substitutions, extended coverage of pollution control costs.
So now give me the fourth-grade, shadowstats version of why these and other improvements were not actually improvements made as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers at all, but were rather delberate and calculated attempts by the government to deceive people.
Some of the technical improvements in the CPI-U that have been made since 1980 are...
Introduction of owner's equivalent rent, quality adjustments in used car models, quality adjustments for the aging of housing units, quality adjustments for new clothing lines, unification of brand name and generic drugs, introduction of chained indexing to account for under-reporting of single-month rents, drift identified in owner's equivalent rent valuations corrected, improved methods for initial price estimation re new food-at-home items, quality adjustments for TV's and personal computers, improved accounting for within-category product substitutions, extended coverage of pollution control costs.
So now give me the fourth-grade, shadowstats version of why these and other improvements were not actually improvements made as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers at all, but were rather delberate and calculated attempts by the government to deceive people.
And conveniently food and energy costs are omitted from the "core" CPI so the calculation is essentially meaningless. Anyone living in reality (that excludes you, oaktonite), sees inflation in these areas. Food and energy are basically the biggest hit to your average consumer's wallet.
And conveniently food and energy costs are omitted from the "core" CPI so the calculation is essentially meaningless. Anyone living in reality (that excludes you, oaktonite), sees inflation in these areas. Food and energy are basically the biggest hit to your average consumer's wallet.
Maybe bang on top of the set. Sometimes the picture will clear up if you do that.
Mostly though it's just those who've lost power completely who fail to realize that "core inflation" (the pop-term for All items less food and energy) is one of dozens of subindexes that are specially aggregated and published by BLS because interested scholars and researchers have asked for them. Other such published subindexes include All items less medical care; Commodities less food, energy, and used cars and trucks; and Nondurables less food, beverages, and apparel. No conspiracies there either. These are just a few more things that scholars and researchers happen to be interested in that you wouldn't know the first thing about.
On the other hand, those who are fortunate and intellectually adept enough to understand the difference between an index and a subindex are apt to understand full well that Food actually comprises 14.2% of the CPI-U headline index and that Energy accounts for a further 9.9%. People armed with those little tidbits are well prepared to fend off the nonsense that various internet whackos and websites seek to foist off onto unsophisticated bumblers and other unsuspecting sorts. You might want to try being well prepared sometime.
Quote:
Originally Posted by oaktonite
So now give me the fourth-grade, shadowstats version of why these and other improvements were not actually improvements made as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers at all, but were rather delberate and calculated attempts by the government to deceive people.
Just tossing that little bit out again because you didn't come anywhere near replying to it above. You asked for improvements since 1980 and were handed a hatful of them. You don't respond because you can't.
Some of the technical improvements in the CPI-U that have been made since 1980 are...
Introduction of owner's equivalent rent, quality adjustments in used car models, quality adjustments for the aging of housing units, quality adjustments for new clothing lines, unification of brand name and generic drugs, introduction of chained indexing to account for under-reporting of single-month rents, drift identified in owner's equivalent rent valuations corrected, improved methods for initial price estimation re new food-at-home items, quality adjustments for TV's and personal computers, improved accounting for within-category product substitutions, extended coverage of pollution control costs.
So now give me the fourth-grade, shadowstats version of why these and other improvements were not actually improvements made as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers at all, but were rather delberate and calculated attempts by the government to deceive people.
How about current calculations not taking food and energy into account? Seems like a pretty huge oversight.
Some of the technical improvements in the CPI-U that have been made since 1980 are...
Introduction of owner's equivalent rent, quality adjustments in used car models, quality adjustments for the aging of housing units, quality adjustments for new clothing lines, unification of brand name and generic drugs, introduction of chained indexing to account for under-reporting of single-month rents, drift identified in owner's equivalent rent valuations corrected, improved methods for initial price estimation re new food-at-home items, quality adjustments for TV's and personal computers, improved accounting for within-category product substitutions, extended coverage of pollution control costs.
So now give me the fourth-grade, shadowstats version of why these and other improvements were not actually improvements made as the result of careful study and debate of changing real-world conditions by varieties of scholars and researchers at all, but were rather delberate and calculated attempts by the government to deceive people.
when home prices were soaring they revised things so we all rent and no one owned. now that rents have taken off and home prices have dropped you have to wonder if homeownership will come back again in the index.
How about current calculations not taking food and energy into account? Seems like a pretty huge oversight.
they are included but broken out as separate numbers.
strikes , weather , shortages, political events are all things that can make those items volatile price wise but not actually effected by inflation.
the weather killing an orange crop is not inflation.
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