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by skeptikal
1509 days ago
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Even if we assume the measurers of inflation are honest, using honest metrics, inflation is hard to measure and the measurement has a natural skew downwards. We’ve all heard about shrink inflation by now. Theoretically that’s measurable by taking the Oz. into account. But how about the drop in quality of goods? Raisin Bran with few raisins, cars with thinner door panels, etc. This is impossible to measure, obviously happens, and is systematic in one direction resulting in a lower reported inflation rate. |
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