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Actually it's the BLS that says inflation has not affected car prices. And, yes, he is questioning their methodology.
by o_nate 7y ago
Actually it's the BLS that says inflation has not affected car prices. And, yes, he is questioning their methodology.
- pas 7y agoInflation measurement is a hard problem. Some say it's over-estimated: https://johnhcochrane.blogspot.com/2019/08/inflation-and-history.html https://johnhcochrane.blogspot.com/2019/08/inflation-and-his... (More on quality adjustments: https://www.brookings.edu/blog/up-front/2018/07/25/measuring-inflation-whats-changed-over-the-past-20-years-what-hasnt/ https://www.brookings.edu/blog/up-front/2018/07/25/measuring... )
- NovemberWhiskey 7y agoWell, it's interesting. If you wanted to buy a BMW with 250hp in 1996 that would run 0-60 in about 5.5s and seat four adults, you were going to be buying an M3 for about $40,000. If you want to do the same thing in 2020, you're going to buy a 330i for almost the exact same money only with a bunch more safety tech, 50% better fuel economy, more luggage space, more passenger space ...