Inflation Ignorance – Missing The Systemic Decline In Quality, Utility, Durability, And Service

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Inflation Ignorance – Missing The Systemic Decline In Quality, Utility, Durability, And Service

Charles Hugh SmithOfTwoMindsOctober 11, 2017 The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years. One of the more mysterious aspects of the official inflation rate is the hedonic quality adjustments that the Bureau of Labor Statistics makes to the components of the Consumer Price Index (CPI). The basic idea is […]

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