<<because the index calculation is flawed...for example many of the goods in the Index basket has gone down in price by over 90% if you take into account functionality, capability, etc. (obvious examples are computers, laptop, cellphone, calculators, and even cars). >>
That's not a good argument.
Show me a car that comes without air conditioning and electric windows, stereo sound system, and automatic transmission. These things are built in now, and nobody wants a car without them.
A car now costs what a house used to. Prices are way up.
<<if you take into account functionality, capability, etc. (obvious examples are computers, laptop, cellphone, calculators, and even cars). >>
How often does the average person buy a computer? Every 3 yrs? A laptop? A cellphone?
I can get a calculator for free. ONTOH, have you gone to an auto mechanic lately? I have. Had a carpenter so some work? Paid your prop tax bill? Pay up, dude. Prices are up.
Inflation, no matter how mild, is real, and it isn't going away. The deflation argument has been around for many yrs, like $2000 gold, and it still hasn't become reality. |
