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Politics : Ask Michael Burke
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To: Les H who wrote (95369)4/4/2002 9:36:52 AM
From: Tommaso  Read Replies (1) of 132070
 
"From 1965 to the present, the CPI has risen about 560%. "

(from the article you linked)

I'll be darned. I was going to correct this (thought it was lower), but it's true.

I don't normally go in for hedonic pricing, but a brand new "new" VW beatle really is twice as good as the 1965 vintage. Better engine, better mileage, infinitely safer, tougher, roomier, better looking, more comfortable, better handling--indeed, pretty nearly the equivalent of a 1965 Porsche.
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