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I think you're possibly reading more into my statements than there was. No need to be so confrontational. Retail price for the V6 premium trim Mustang I bought

I think you're possibly reading more into my statements than there was. No need to be so confrontational. Retail price for the V6 premium trim Mustang I bought was about $26000 retail. The modern equivalent I would say is a V4 with basic trim, because the 2021 base model comes with considerably more technology than the 2011 premium. The only practical difference is leather vs. cloth seats. The retail price for that car is about 27000. So yeah, I think you can get the roughly the same amount of Mustang today for the same price 10 years ago. If you look at the V4 premium, then yeah it's about 20% more expensive than the base model which tracks estimated inflation. You're getting considerably more technology than the premium model a decade ago, though. It's a better car. Maybe not 20% better though. I'm laughing about the peg board prices. You're calling me out with numbers, but it seems like you're ignoring the dimensions, and I explicitly claimed that my estimate was unsubstantiated. I just looked it up as well, and the equivalent quality sheet is $19 per 4'x8' sheet at the closest Lowes. I bought a 4'x4' sheet locally for $19. So, I only paid 2x. Seems like a high premium still. I wonder what home improvement stores pay wholesale?

syshum 5y ago
>> No need to be so confrontational. Not about being confrontational it about dealing in actual facts I disagree with your comparison of a v6 premium to a Base v4 and calling it "the same". Also I think it is unfair to account for technology in the way you have, if we looked at technology in that way then we would have MASSIVE deflation in the world, as a $1500 computer 10 years go would cost $35 to buy a comparable processing power. Saying that technology has gotten better there for no inflation is on of the biggest problems I have with the CPI in general On the Peg Board, I am not sure what "locally" is but assuming you live in a large city the cost of operating a business in the city can easily increase the prices that high compared to where most lowes are located which often have less taxation, lower properly costs, and over all lower expenses. I am not surprised a local hardware store would charge a premium for a product, convenience it worth something. Clearly you thought the price was worth that vs driving out to the Lowe's to get your sheet. The excuse of "it would not fit" does not work either as Lowe's would cut it down for you to the dimensions you need for free
- sgtnoodle 5y ago
  I dunno, I think technological progress does cause deflation to some degree, and it's perhaps one reason why folk haven't perceived inflation as much as otherwise over the last couple decades. Burritos, blue jeans and Honda Civics haven't changed much technologically over the years, and their prices seem to track with average inflation. From a user experience, a $1500 computer from 10 years ago is still likely to be usable and able to run modern software. Buying a $1500 computer today is a significant upgrade. Burritos on the other hand aren't changing, and yet they're seemingly 50%-100% more expensive than they were 10 years ago. Is it not possible that certain markets are deflating while others are inflating?
- sgtnoodle 5y ago
  Perhaps inflation and technological advancement is analogous to a temperature during a phase change in matter, i.e. there's energy going in but the temperature is holding steady. Maybe we'll soon reach a saturation point and inflation will start tracking again?

syshum 5y ago

>> No need to be so confrontational. Not about being confrontational it about dealing in actual facts I disagree with your comparison of a v6 premium to a Base v4 and calling it "the same". Also I think it is unfair to account for technology in the way you have, if we looked at technology in that way then we would have MASSIVE deflation in the world, as a $1500 computer 10 years go would cost $35 to buy a comparable processing power. Saying that technology has gotten better there for no inflation is on of the biggest problems I have with the CPI in general On the Peg Board, I am not sure what "locally" is but assuming you live in a large city the cost of operating a business in the city can easily increase the prices that high compared to where most lowes are located which often have less taxation, lower properly costs, and over all lower expenses. I am not surprised a local hardware store would charge a premium for a product, convenience it worth something. Clearly you thought the price was worth that vs driving out to the Lowe's to get your sheet. The excuse of "it would not fit" does not work either as Lowe's would cut it down for you to the dimensions you need for free

sgtnoodle 5y ago
I dunno, I think technological progress does cause deflation to some degree, and it's perhaps one reason why folk haven't perceived inflation as much as otherwise over the last couple decades. Burritos, blue jeans and Honda Civics haven't changed much technologically over the years, and their prices seem to track with average inflation. From a user experience, a $1500 computer from 10 years ago is still likely to be usable and able to run modern software. Buying a $1500 computer today is a significant upgrade. Burritos on the other hand aren't changing, and yet they're seemingly 50%-100% more expensive than they were 10 years ago. Is it not possible that certain markets are deflating while others are inflating?
sgtnoodle 5y ago
Perhaps inflation and technological advancement is analogous to a temperature during a phase change in matter, i.e. there's energy going in but the temperature is holding steady. Maybe we'll soon reach a saturation point and inflation will start tracking again?