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Channel: Playing Inflation Games with Grandma: The Washington Consensus and the Chained CPI
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in the first place, the idea of a "more accurate" inflation index is a sick joke. there is simply no rational way to measure "precisely" the value of "inflation." the things people buy from one year to...

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neglected to mention that when your rationale for "more accurate inflation index" is that when the price of steak goes up, people switch to chicken, and when the price of chicken goes up people switch...

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but here is the learned argument. "when the price of A goes up, people switch to B; therefore the price of A didn't really go up." - coberly

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