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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (137874)	9/30/2013 1:57:48 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

When veal eaters start buying the ground beef, does that result in making it a budget buster for some low-end ground beef eaters?

To: Road Walker who wrote (137874)	9/30/2013 3:01:33 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

I think you are missing the point. If you compare the BLS inflation figures to the way they used to be calculated, when they did NOT include hedonics and substitution, then the older way of calculating inflation figures are much higher. This proves that the BLS numbers are biased to the downside, now that they include hedonics and substitution. This is an objective comparison. No one sane would say that going from eating veal to eating ground beef at the same price is not a standard of living decrease, and thus, an inflationary outcome. Only folks who live in an ivory tower would say that eating ground beef is the same thing as eating veal.