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  #11  
Old 07-24-2014, 11:14 PM
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Originally Posted by Pio1980 View Post
Alex Jones or Glen Beck?

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Aren't they the same guy?

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  #12  
Old 07-25-2014, 08:06 AM
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Originally Posted by finnbow View Post
Perhaps, but innovation does, in many instances, reduce the cost of living. How about substitution theory?
It's a matter of deciding what you're measuring, and why. Measuring cost-of-living changes is one thing, measuring changes in the value of money is another.
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  #13  
Old 07-25-2014, 08:41 AM
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Perhaps, but innovation does, in many instances, reduce the cost of living. How about substitution theory?
On Demand movies taking the place of video stores, for instance. I wonder how much has been saved in fuel costs alone?
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  #14  
Old 07-25-2014, 08:54 AM
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Originally Posted by donquixote99 View Post
Innovation-driven cost reduction is a separate phenomena from monetary inflation/deflation, and needs to be scrubbed out of the methodology for measuring it.
Keep in mind that a large part of the reason that American foodstuffs are so cheap (compared to the rest of the world) is innovation in agricultural methods.
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  #15  
Old 07-25-2014, 09:40 AM
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I was watching Al Jazeera and this group of people were talking about how 3-D printing was not going to be the wave of the future but rather the actual raw materials that make up a component or consumer device. They likened it to amino acids in a DNA chain.
In other words I buy a turntable,,,,when I do not need it anymore I take it somewhere were the basic raw materials are exchanged back for a different item or for future production. They called it circular production; more complex than recycling. I could not really understand it that well.
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  #16  
Old 07-25-2014, 09:51 AM
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Originally Posted by finnbow View Post
Keep in mind that a large part of the reason that American foodstuffs are so cheap (compared to the rest of the world) is innovation in agricultural methods.
Such changes belong in a cost-of-living index, agreed. I'm also saying they do not belong in an inflation index.
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  #17  
Old 07-25-2014, 11:02 AM
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Originally Posted by finnbow View Post
And the same GOP advocates for using a dynamic approach to calculating the CPI (which would reduce it and thereby reduce annual adjustments to entitlement programs). Can't have it both ways, methinks.

That is ironic isn't it?

But then talking out of both sides of their mouth is pretty common among right wingers.
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  #18  
Old 07-25-2014, 11:03 AM
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That is ironic isn't it?

But then talking out of both sides of their mouth is pretty common among right wingers.
You are leaving out another orifice significant to their reasoning process.

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