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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (90914)	2/9/2014 2:33:57 AM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

Re: "How about the old method of calculating inflation instead of chain weighting?" WHICH 'old method' are you interested in? (I mean... just since Jimmy Carter the official calculation methods have been revised perhaps a half dozen times or so. One of the biggest changes happened during the Reagan administration.) Like I said though... pretty much any valid method of price calculation that you want to use (yes, even ShadowStats' older method) still shows a declining price trend in health care for recent years. Re: " Or better yet using the actual definition of inflation, which is increasing the money supply without looking at prices at all?" Apples and oranges. 'Monetary inflation' is not the same thing as 'price inflation'. (And... as far as 'monetary inflation' goes it is extremely important to factor in V... the Velocity of money. Banks have reduced lending so much in recent years that V is way down and that means that the effective amount of money that reaches the economy is down, not up. Hard to call that much of a monetary 'inflation' when the supply out in the economy is down and not up. More like monetary deflation.)