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steve kohlhagen's avatar

commenting on john rutledge’s excellent article on cpi overstating inflation. it’s even worse than he notes (and not because data providers are letting us down, but because in an industrial revolution with dramatic increases in new products and product quality, it'‘s very, very hard to accurately measure cpi changes). prices adjusted for both john’s points and product quality are rising much slower than published cpi suggests. great job, dr.john!

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Dr. John Rutledge's avatar

Steve, there is literally no one I would rather get your kind remarks from than you. Always appreciate your reading my work.

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steve kohlhagen's avatar

this time John, you are NOT dead wrong. and, of course, as we've discussed, beware the data. swk

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Troy Mikulka's avatar

Great summary and insight John.

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