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Thread: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

  1. #101
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Kushinator View Post
    You are just confused. The 900% figure is in nominal terms (not factored for inflation) as were your rent and gasoline data points.
    I'm not confused. I am very clear. I am getting less value for the same or higher price. That's what the OP I submitted for this thread shows, that's what my expenses show, that's what REALITY shows despite all your faux science "economic & statistic" arguments to the contrary. You pull out all the charts and graphs you want, we can go round and round all you want, it does not change the reality. Fiat money is worthless, and this reflects in both ongoing inflation and the increase in personal debt due to deficit spending as people increasingly turn to credit to try to cope with it's effects on our economy.

    You haven't shown me anything that supports a change of mind, and I am not going to waste time debating it with you since it serves no useful purpose.
    Last edited by Captain Adverse; 07-29-13 at 08:26 PM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  2. #102
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post
    Toilet-Tissue 'Desheeting' Shrinks Rolls, Plumps Profits - Yahoo! Finance

    So here we go, Kimberly-Clark Corp is bulking up toilet paper 15% but reducing the number of actual sheets by 13%. "Consumer products makers call this 'desheeting'—reducing the number of sheets of toilet paper or tissues in each package while holding retail prices constant."

    The article goes on to say that this has been a common practice for many consumer products over the years, shrinking the amount you get in order to maintain prices. Examples included in the article: "A regular Snickers bar now weighs 1.86 ounces, down from 2.07 ounces in the past, and Tropicana Pure Premium orange juice is now sold in 59-ounce bottles, versus 64-ounce cartons prior to 2010."

    Thus we begin to see what I like to call HIDDEN INFLATION.

    Some may think it is funny, joke about "toilet paper;" but hasn't anyone else noticed this shrinkage in other products over the years? Not only shrinkage, but after a period of adjustment eventual increases in prices for these shrunken products? So while you pay the same or slightly higher price for any product, you are getting less and less of the actual product in each package. Yet economists, financial advisors, and our government keeps telling us our worthless money isn't causing inflation, just check consumer prices and see, they've only gone up a few percent each year.

    I've been noticing this over time, but I am glad to find a recent article on the subject to post as proof positive on the issue. Proof positive that we are NOT getting what we think we are paying for; that our dollar is not maintaining its purchasing power; and that inflation, though HIDDEN by these practices, is growing rampantly.

    Counter this you supporters of our current monetary system! Counter this you Greed is Good Capitalist naysayers who think we don’t need a minimum wage, much less a “living wage” for our workers. Shades of “let them eat cake!”

    What do you have to say now?
    Remember how big cans of Campbell's Soup used to be? Since food portions are now smaller, it now takes less sheets to wipe your ass. LOL.
    The ghost of Jack Kevorkian for President's Physician: 2016

  3. #103
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by ashurbanipal View Post
    I largely agree with the idea that there are hidden inflations in the products we purchase. There are a number of ways that government statisticians hide this fact. For example, food and energy costs are excluded from inflation calculations because the prices for these are "too volatile" (nevermind that the volatility is mostly to the upside).
    Wrong. Food and energy are most certainly included. There is, among many others, a special index that excludes food and energy, but that's not the headline number.

    With regard to the sort of thing Captain Adverse is claiming, government statisticians regularly make use of a "value added" factor in their calculations to reduce some of the price increase of consumer goods.
    Quality adjustment works both ways.

    For example, it used to be the case that dishwashers would be controlled by a dial. When buttons became popular, the price increases in dishwashers were factored out for a few years (even though the increases probably had nothing to do with the design changes) because customers were receiving more for their money (supposedly) in that they could now press buttons rather than turn knobs.
    Except hedonic adjustment Isn't used for dishwashers. Appliances that use it are washing machines, dryers, stove tops, refrigerators, and microwaves.[/quote]

    The statisticians who contacted my company for pricing info did not collect data on size changes. They just wanted price changes.
    Statisticians don't collect the prices, economic assistants do. And they have to check the size...how would you know if they were asking for the price of say, a 2oz bag of chips or a 10 oz bag? And they're supposed to check the shelf to confirm the item is available and the right item.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

  4. #104
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post

    You haven't shown me anything that supports a change of mind, and I am not going to waste time debating it with you since it serves no useful purpose.
    Why the **** did you reply to my statement? It was not addressed to you.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #105
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Kushinator View Post
    Why the **** did you reply to my statement? It was not addressed to you.
    DUH! YOU quoted ME.
    Last edited by Captain Adverse; 07-30-13 at 04:22 PM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  6. #106
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post
    DUH! YOU quoted ME.
    No, it was a general question
    open to those interested in discussion.

    Given your response, that was not the case.

    So i ask again, why the **** did you reply to my statement?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  7. #107
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Kushinator View Post
    No, it was a general question
    open to those interested in discussion.

    Given your response, that was not the case.

    So i ask again, why the **** did you reply to my statement?
    LOL... once again, you quoted a prior response of mine, used the pronoun of the second person singular "you" as a response in reference to it, and also referred to figures I presented. Therefore, I took a normal action by responding.

    If you don't want a response from a particular member, don't quote them. Make a general statement that is stand-alone without reference to that member's prior statement and then you don't have to expect a response from that member. Simple enough concept.

    Or you can tell them you don't want or expect a response. As a practical example; I was simply explaining my reason, and in light of the above no response is necessary or expected from YOU (Kushinator). I MEAN that! Thanks.
    Last edited by Captain Adverse; 07-31-13 at 08:52 AM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  8. #108
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    CA, the BLS does in fact track changes in quantity and package size. Your initial claim that there is "hidden inflation" is incorrect, and is based on a lack of understanding of how inflation is calculated.

    Arguing about who quoted what doesn't change that fact.

  9. #109
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post

    If you don't want a response from a particular member, don't quote them.
    I didn't quote you.

    Make a general statement that is stand-alone without reference to that member's prior statement and then you don't have to expect a response from that member. Simple enough concept.
    That is what i did, but you couldn't help yourself. You were never referenced in my comment and therefore you took it upon yourself to respond only to run and hide behind:

    Quote Originally Posted by Captain Adverse View Post
    and I am not going to waste time debating it with you since it serves no useful purpose.
    when it is shown you cannot handle basic math and economic terminology.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #110
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Visbek View Post
    CA, the BLS does in fact track changes in quantity and package size. Your initial claim that there is "hidden inflation" is incorrect, and is based on a lack of understanding of how inflation is calculated.

    Arguing about who quoted what doesn't change that fact.
    He put me on ignore when I pointed that out..while claiming I said things I neither said nor implied.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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