Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: KyrosL who wrote (16527)	3/8/2002 1:37:53 AM
From: LLCF	Read Replies (1) of 74559

I couldn't disagree more... if there is an X-basket of goods the government says are a necessity to live [basic amount of safety net say in the case of the poor] then why adjust it EVEN if it does get better over time. It makes no sense and just mucks everything up. In the real world [my example, or cola payments etc] it doesn't matter, it just sounds nice in theory to compare stuff over time. We make no attempt to compare other qualitative changes in standard of living [working mom's vs 20 years ago... kids in child care] etc etc etc. DAK

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