Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (53751)	2/13/2006 4:47:43 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Why debate the causes or measures of inflation with somebody who does not know even know that inflation refers to persistent changes in prices? I am no longer debating you on a definition, I am asking you to explain your method of determining what the inflation % increase is. Certainly you should be able to do that. You are in favor of measuring prices not me. You should be able to defend your methods and reasons. If you do not accept the CPI as a measure of inflation, then you should be able to tell me what your measure is. Assuming you do not accept the CPI as a measure of inflation, I ask you once again. 1) What is your reference basket of goods and services, and the weightings thereof? 2) Might not such a basket favor some groups over others? (renters vs homeowners, existing homeowners vs new homeowners, consumers vs producers) 3) How do you account for improved quality? 4) How do you account for products that exist today but did not exist years ago? 5) Who is the ultimate arbiter of quality? 6) How is the stock market reflected in your basket? 7) Are you the all knowing arbiter of quality and basket selection? If not you, then who? 8) If you can't measure it, how does the FED set interest rate policy? 9) Why should everyone agree that your basket is the right one? There is no debate here. Point blank you simply can not explain or defend your own methods. Mish