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

  1. #11
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Captain Adverse View Post
    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.
    Let me make a prediction. It's going to be pointed out several times, that that economists, statisticians, all the inflation numbers do take into account quality change in products such as shrinkage so that no, it's not hidden but accounted for, but you'll ignore it and keep saying it's hidden.
    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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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by pinqy View Post
    Sort of. The weights and basket are updated every 2 years, so current CPI is based on average of 2009-2010.

    But as greyhat pointed out there is quality adjustment done every month for changes in items. So if a $1 Snickers bar goes from 2.07 oz to 1.86 oz, that would be recorded in the CPI as an 11.3% price increase.
    How about when solid wood furniture becomes particle board? How about when brass or stainless steel becomes plastic?

  3. #13
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Hatuey View Post
    To my knowledge; nobody has said anything of the sort. People have simply pointed out that's it's pretty irrelevant.
    Dude, which is essentially the same thing. You either don't see or don't know how intelligence is gathered to help determine trends and make predictions. It's never going to be a "smoking gun," it's always going to be a little bit here, and a little more there...and you start to develop a picture. NOTHING is irrelevant if it has any effect on the issue you are monitoring. It's deeming things irrelevant or unimportant which makes you unprepared when the "crash" happens.

    Fine, it's irrelevant to you. I can't make you think differently.

    All I can do is point it out... the rest is up to you.
    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.

  4. #14
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by pinqy View Post
    Let me make a prediction. It's going to be pointed out several times, that that economists, statisticians, all the inflation numbers do take into account quality change in products such as shrinkage so that no, it's not hidden but accounted for, but you'll ignore it and keep saying it's hidden.
    Aren't you the guy I butted heads with over hidden unemployment? Then you are completely correct; I say screw economists, statisticians and anyone else who works to maintain the propaganda that "our economy is doing swimmingly," thank you very much.
    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.

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

    Explains the Weiner, anyway.

  6. #16
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Guy Incognito View Post
    How about when solid wood furniture becomes particle board? How about when brass or stainless steel becomes plastic?
    Yes...of course. When the Economic Assistant goes out to collect the prices, s/he has a list in detail of exactly what is supposed to be priced. If there are any changes in size/composition/features etc, those are noted and the commodities analyst in DC will adjust the price changes. For something like wood to particle board or metal to plastic, they would call those non-substitutes, because they're nowhere near close.
    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.

  7. #17
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Guy Incognito View Post
    How about when solid wood furniture becomes particle board? How about when brass or stainless steel becomes plastic?
    Never fear, the apologists always come out with some excuse to show that you are not really getting less quality than you used to pay for...it'll all come right in the end. Of course you are still paying for cheap crap with essentially worthless money so it's all good right?
    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. #18
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    When shopping for grocery items one is wise to look at the unit price, not simply the price of a package. Even items like canned beans made by the same company have per ounce price variations - often the larger sized cans actually cost more per ounce, mainly because they stay on the grocer's shelves longer. While some products cost more for the same thing, others such as nearly all electronics now give you much more for little (if any) price increase. Many product's packaging has never made much sense, hot dogs normally come in packages of 10 yet the hot dog buns come in pacages of 8, meaning that unless you buy 40 you will have a mismatch.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by Captain Adverse View Post
    Aren't you the guy I butted heads with over hidden unemployment? Then you are completely correct; I say screw economists, statisticians and anyone else who works to maintain the propaganda that "our economy is doing swimmingly," thank you very much.
    So what were your feelings when those same economists and statisticians were publishing the data showing how bad the economy was getting in the recession?
    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.

  10. #20
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    Re: HIDDEN INFLATION - "Fewer Sheets Needed to Get the job Done"

    Quote Originally Posted by Guy Incognito View Post
    How about when solid wood furniture becomes particle board? How about when brass or stainless steel becomes plastic?
    Lite beer is a good example - that magic ingredient that lowers the calories per serving is water, so rare that the consumer never thought about simply adding their own.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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