To: radioone
"Former Fed Chairman Paul Volcker tweaked the methodology in order to account for things such as product replacements and improvements to technology and their effects on prices."
Otherwise known as downward adjustments in the CPI for hedonics, quality change, intervention analysis using geometric weighting.
7 posted on
04/13/2011 11:28:55 AM PDT by
algernonpj
(He who pays the piper . . .)
To: algernonpj; radioone
The CPI no longer measure a set standard of living but a declining one.
8 posted on
04/13/2011 11:31:26 AM PDT by
algernonpj
(He who pays the piper . . .)
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