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I think the author is confused about what inflation is, vs the benefits reaped from the advancement of technology. The author also seems to have a bias against

I think the author is confused about what inflation is, vs the benefits reaped from the advancement of technology. The author also seems to have a bias against the people screaming "inflation". That is pretty obvious from the title. To show real inflation, I like using the Burger King whopper as an example. In the early 90's I remember being able to buy 4 whoppers for $1. With the advancement of farming technology, transportation technology, preservation technology, etc.... Why do we see the whopper cost over $7 now?

nkurz 6y ago
> In the early 90's I remember being able to buy 4 whoppers for $1. The simple answer is that your memory is wrong, and that at no point in the 1990's were you able to buy 4 Burger King Whoppers for $1. Other than your recollection, do you have any evidence that this price is correct? Or have I missed a layer of hyperbole in your argument?
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SamBam 6y ago
In 1990 a whopper cost $0.99. In 2000 it still cost $0.99. In 2018 it cost $4.29. So that's a 4.3x change, not a 28x change as claimed, and represents an "inflation" of about 7.5%/yr over the past two decades (or 5.5%/yr since 1990). https://www.insider.com/fast-food-burgers-cost-every-year-2018-9#in-2018-your-burger-costs-an-average-of-264-25 https://www.insider.com/fast-food-burgers-cost-every-year-20...