Why Reported Inflation Seems Different Than Reality

[jem]

Lets figure the cost of a basket of goods the average family spends money on... but lets take out the costs of food, energy and rent or percent of income going to pay for housing.


Oh look inflation is not bad because although crayons and furniture went up, computers went down.

 

[Ricter]

Quote from jem:

Lets figure the cost of a basket of goods the average family spends money on... but lets take out the costs of food, energy and rent or percent of income going to pay for housing.

Oh look inflation is not bad because although crayons and furniture went up, computers went down.

When the argument is that inequality is too extreme and we should consider some form of redistribution to the working man, then we hear that the working man is fine, he's got the latest cell phone, he's got a flat screen TV, and "even our poor are fat". But when a different agenda is being pushed, as here, then it's all about the "poor working man".

Edit: before I forget, the gold standard is never coming back. That's never as in "not ever". Sorry, Randroids. : )

 

[jem]

Quote from Ricter:

When the argument is that inequality is too extreme and we should consider some form of redistribution to the working man, then we hear that the working man is fine, he's got the latest cell phone, he's got a flat screen TV, and "even our poor are fat". But when a different agenda is being pushed, as here, then it's all about the "poor working man".

Edit: before I forget, the gold standard is never coming back. That's never as in "not ever". Sorry, Randroids. : )

When the inequality is too extreme we should understand the problem is govt spending and cut it back.

Govt spending and inflation has been the destroyer of the working classes standard of living.

More govt spending and then more taxes destroys the gdp and crushes the middle class more.

and you miss the point...

the non working class get too much the working class is getting crushed.

that is the govt is destroying the backbone of the country.

 

[Ricter]

Quote from jem:

When the inequality is too extreme we should understand the problem is govt spending and cut it back.

So why do societies exist with greater government spending yet less inequality?

 

[jem]

Quote from Ricter:

So why do societies exist with greater government spending yet less inequality?

enough riddles make your points with in context facts.

 

[jem]

just checking in...
i was wondering if you could present your list of countries with more equality and more govt.

Oh could it be sweeden... the country which lowered taxes?
Could be a scandanavian country with big oil revenues.


or could it be a socialist UN topia like say Cuba... where everyone is equal except a few elites.

 

[PHOENIX TRADING]

yep noticed inflation alive and well in the grocery store today.

 

[Tsing Tao]

Quote from Ricter:

When the argument is that inequality is too extreme and we should consider some form of redistribution to the working man, then we hear that the working man is fine, he's got the latest cell phone, he's got a flat screen TV, and "even our poor are fat". But when a different agenda is being pushed, as here, then it's all about the "poor working man".

Edit: before I forget, the gold standard is never coming back. That's never as in "not ever". Sorry, Randroids. : )

Is someone advocating the gold standard somewhere in this thread?

As for the poor working man, we're talking wages. Regardless of whether or not the poor working man has the latest gadgets, his wages are stagnant, and certainly below inflation. I, honestly, could care less. But don' t try to pass off the argument that wages are rising faster than inflation for the majority of the populace.

 

[jem]

caught my own typo on sweden. I make a lot of typos but that one stands out.

 

[denner]

Quote from Tsing Tao:

Is someone advocating the gold standard somewhere in this thread?

As for the poor working man, we're talking wages. Regardless of whether or not the poor working man has the latest gadgets, his wages are stagnant, and certainly below inflation. I, honestly, could care less. But don' t try to pass off the argument that wages are rising faster than inflation for the majority of the populace.

He doesn't care. Remember, he doesn't even notice the prices at the grocery store. Another liberal prince.