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Look at computer prices and tell me again there has been inflation. Cherry picking one or two categories which are impacted by countless other issues does noth
by slg 5y ago
Look at computer prices and tell me again there has been inflation.
Cherry picking one or two categories which are impacted by countless other issues does nothing to prove your point.
- Ekaros 5y agoTop of the line smartphones certainly have gotten lot more expensive.
- slg 5y agoYou actually hit on a great example of why inflation numbers are flawed. The product you are comparing is "top of the line smartphones". However, the 2022 version of that product is barely even comparable to the 2012 version. The phone, the computer, the car, the house, or the medical care that you purchase today is greatly improved compared to the same item you would have purchased in the past. That improvement is ignored in inflation calculations.
- chii 5y agoIt's not ignored. There's an adjustment called the hedonic adjustment for this very purpose. However, I personally don't really agree with it.
- slg 5y agoPhone are the only item I listed that receive a hedonic adjustment and you can't exactly quantify the difference in quality between an iPhone 12 and a Motorola StarTAC. They are a fundamentally different products.
- coryrc 5y agoIt's not cherry picking to pick the two categories which make up the majority of half of American's spending.