SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (50999)1/23/2006 4:24:41 PM
From: Mike Johnston  Read Replies (3) of 110194
 
If I compute prices based on a percentage of income basis, I spend less on the same basket of goods than I did 10 years ago.

Although your statement is true, for most people, it is silly to use that statement to suggest that there is no inflation.

With the same line of reasoning, if my income goes up 20% next year while prices go up only 10%, i could claim that i am experiencing deflation.

Inflation should measure general rise in the cost of living, irrespective of rising income levels or usage patterns specific to any one individual.

Do you suggest we start adjusting inflation for income growth and individual consumption patterns ?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News