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View Diary: It's Not About Chained CPI (57 comments)

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  •  Yup, on all counts. (3+ / 0-)
    Recommended by:
    Chi, KenBee, peregrine kate

    Disagree with diarist that chained CPI is a more realistic measure of inflation. It's not. If some people start buying sirloin instead of rib eyes and hamburger instead of sirloin, that does NOT mean that beef prices haven't been inflated. It just means that folks are accepting a lower quality of life.

    Chained CPI is a government hocus-pocus trick.

    How do I know? Look around and show me where it's used other than  (proposed) government programs.

    If it were a true measure of inflation, it would have been adopted by the real world (private sector) a long time ago.

    © grover


    So if you get hit by a bus tonight, would you be satisfied with how you spent today, your last day on earth? Live like tomorrow is never guaranteed, because it's not. -- Me.

    by grover on Fri Apr 05, 2013 at 01:29:32 PM PDT

    [ Parent ]

    •  Seniors cant substitute as easily if at all (1+ / 0-)
      Recommended by:
      grover

      Medications, medical care, nursing homes. Most arent capable of driving around looking for cheaper deals.

      CPI-E is designed to calculate CPI for seniors.

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Fri Apr 05, 2013 at 03:24:07 PM PDT

      [ Parent ]

      •  Neither can poor people. (0+ / 0-)

        © grover


        So if you get hit by a bus tonight, would you be satisfied with how you spent today, your last day on earth? Live like tomorrow is never guaranteed, because it's not. -- Me.

        by grover on Fri Apr 05, 2013 at 03:31:56 PM PDT

        [ Parent ]

        •  CPI-W is an urban rating, IIRC (0+ / 0-)

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Fri Apr 05, 2013 at 03:59:26 PM PDT

          [ Parent ]

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