Quote:
Originally Posted by Superpickle
Well, I guess....
But I STILL need/want/require a BOAT... 
so There..  |
You'll still get enough money to keep a boat, I'm telling you, it is all right there, figured into CPI. See what Shadow stats says again ...
Quote:
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The Boskin/Greenspan argument was that when steak got too expensive, the consumer would substitute hamburger for the steak, and that the inflation measure should reflect the costs tied to buying hamburger versus steak, instead of steak versus steak. Of course, replacing hamburger for steak in the calculations would reduce the inflation rate, but it represented the rate of inflation in terms of maintaining a declining standard of living. Cost of living was being replaced by the cost of survival. The old system told you how much you had to increase your income in order to keep buying steak. The new system promised you hamburger, and then dog food, perhaps, after that.
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Source:
Shadowstats
CPI will get adjusted with inflation, see, hamburger, that's just as good as steak, it's still cow, right ? This is still a boat, right ?
And it'll only cost you 1000000 inflation adjusted bucks.
