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This is just it ; The author doesn't compare to CPI as calculated using the methodologies for the 1990s or the 1980s - he just builds a straw man and throws cheap consumer electronics at it. What he fails to realize, is that this is precisely the argument of those who believe real inflation to be higher than reported; Namely, that without including cheap electronics and luxury items the picture is much much worse - which it is. This article built a nice strawman and burnt it - what I'd like to see is the author actually tackle the claims of his opponents rather than gross mischaracterizations of them.


I can't imagine that would go any better. I think I'll just pass on reading the author's thoughts.




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