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by StanislavPetrov
2952 days ago
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Which includes blackbox modifiers like "hedonic adjustments". So if it costs you $800 to get a cast for your broken leg today as opposed to $400 a few years ago, but they claim the quality of the cast is twice as good, then they say there was 0% inflation as you are getting the same "value" even though its costing you twice as much to fix the same problem. https://www.bls.gov/cpi/quality-adjustment/home.htm |
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