Embed Notice
HTML Code
Corresponding Notice
- Embed this noticeI don't have the links right now, but there are actually a few smart economics that are working on a lot of the problems with CPI: e.g how you can't ignore the fact that you can't buy the equivalent of a 1990s car new for any amount of money, and that distorts prices.
(The econmic way of looking at this is: ok, sure the companies *claim* that all this newtek they put in is the greatest thing, but consumers have no way to show preference. Maybe it would still cost $20k to build the sedan of the 1990s and people would opt for the newtek one for 30k .. but maybe the sedan of the 1990s would cost 8k to buy? )