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Politics : Foreign Affairs Discussion Group
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To: Sun Tzu who wrote (264178)5/14/2008 10:19:06 PM
From: Sun Tzu  Read Replies (2) of 281500
 
As a follow up, and since Tim is so keen on accepting the "improved quality" argument that the government uses to arbitrarily lower the CPI number I'd like to pose the same "quality' argument but from a different perspective.

As far as I know, many (most?) people would rather be eating organic food rather than what they get off the regular supermarket, just as they would have had 100 years ago.

They'd also would rather to have a property large enough to hold a few horses, just as they would have had 100 years ago.

And I suspect many, if not most, would rather be able to afford life on earnings of just one of the spouses so that they can have more quality time with their kids and look after them better.

What would the current CPI look like if used these metrics to raise its numbers (i.e. calculate food CPI based on organic food only; choose the rent/mortgage for a property large enough to hold horses as the housing component; and compensate the parents for the loss in quality of life for not having enough time to spend it with their kids)?

How come the CPI goes lower because cars now come with CD players instead of radio, but they do not go higher because we cannot afford organic food or spend more time with our kids?
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