If you want a serious rebuttal, point to this chart whenever people say that even after inflation people are making more. "Necessities for life are significantly more expensive, but TVs are cheaper so it cancels out..."
https://www.aei.org/carpe-diem/chart-of-the-day-or-century-5/
eh. I appreciate the article. And it's interesting. But it's also meant to be an anti-regulation argument, which I absolutely will not make. Primarily because I think that's the wrong takeaway from the data.
All that data tells me is that the CPI is a flawed tool for measuring inflation because it ignores the difference between luxury commodity and necessary commodity.
If you want a serious rebuttal, point to this chart whenever people say that even after inflation people are making more. "Necessities for life are significantly more expensive, but TVs are cheaper so it cancels out..." https://www.aei.org/carpe-diem/chart-of-the-day-or-century-5/
eh. I appreciate the article. And it's interesting. But it's also meant to be an anti-regulation argument, which I absolutely will not make. Primarily because I think that's the wrong takeaway from the data.
All that data tells me is that the CPI is a flawed tool for measuring inflation because it ignores the difference between luxury commodity and necessary commodity.
exactly!
Sorry, I was specifically addressing the chart, not the article.