[lbo-talk] thoughts on CPI?

double bluff mullah_omar at email.it
Mon Jan 21 14:37:06 PST 2008


I suggest you give a look here: http://www.shadowstats.com/

(found in the notes of an interesting article on http://www.engdahl.oilgeopolitics.net

-another site worth of a visit)

Andy F wrote:
> Could any economists comment on whether the CPI is bogus? I'm
> referring to its supposedly underestimating inflation due to
> substitutions (steak/hamburger), hedonic tweaking, figuring increasing
> home computer power offsets cost of health care, that kind of thing.
>
> Most of the criticism I've read tends to be associated with
> goldbuggery, permabearism, and general rantishness, so a level-headed
> left perspective would be appreciated. I'm aware that this might have
> been done to death, so I'd be happy with a link to a summary.
>
>
> Thanks,
>

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