Reply to Big Mac inflation index is better than CPI

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Reply to "Big Mac inflation index is better than CPI"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Computers, nearly all electronics, airfares, telephone calls (remember those used to cost something), clothes….those are just some of the items off the top of my head that have increased less than inflation or actually cost nominally less today vs 2004.[/quote]

These price cuts are due to technology/productivity improvements (in real labor/energy/resource inputs) or quality reduction.

Monerary inflation means paying more for the same stuff, not paying more for new more efficient stuff.

Claiming that human progress is "deflation" that offsets monetary inflation is a lie that economists to enable the pillaging of humanity by the people who control the system.

Inflation is an increase in money not accompanied by an increase in real trade, when that new money is flowing to corners of the economy instead of all laborers, that's theft. [/quote]

Prone to outrage I guess?  The previous comment was as nothing ever decreases in price which is not true.

That said, you do realize a deflationary world is much, much worse than an inflationary world…right?  It’s just you want inflation at 2% annually not 10%…but you definitely don’t want -10% general deflation which basically happens in depressions.[/quote]

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