Economics 101: Consumer Price Index

11/24/08: A two-minute crash course on the consumer price index with NEWSWEEK's Daniel Gross (Video: Lee Wang, Sarah Frank).

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[anoniab]

Except they are not measuring the price of the same item any more. They use "hedonic" measurements. It's dishonest.

[BeaconSway]

Mr. Gross is typical of the MSM.....ignoring that the CPI basis was changed in the past 10 years, and the calculations are rigged to give a lower CPI%. look it up on Peter Schiff's channel. This is why magazines like Newsweek will fail....they think they write for morons. Or they have morons for writers.

[johnbarkand]

@anoniab Mr. anoniad your right! this is how i mesure CPI; in 1975 i could buy

7 loafs of bread for 1 dollar. today, if you can find a loaf for less than 4, thats good.

in 1970 ish i paided 24 cents for a gallon of gas. in 1982 it cost 144 dollars per semester

for me to get a MFA from east carolina U in NC. have wages keeped up? (answer here)

its not dishonest its fu*k us people or; sheep to slaughter house. MSM we are not morons.

[merrygal123]

ca you explain problems with CPI as a measure of cost of living??

[bushka087]

gas is $50 a barrel?

[heartlessvietboy]

I didn't know the Consumer Can Price. I didn't Know they keep an Index. 

[worldnewsbbc1]

@BeaconSway . You're being mislead by Schiff who constantly is sounding the alarm for hyperinflation. You can go to MIT's billion prices project which tracks the price of good's sold over the internet and compare with the BLS's good idex. The BLS's goods only index is called their commodities index. They’re both showing deflation in 2009, then a price rise of around 2 1/2 percent over the past year, not all that different.

[residentzombie]

@HuhOhIc Where does capital investment come from genius?

[TheMimi90s]

tbh i have know idesa wot the hell he jus said:S

[mec554]

@HuhOhIc I don't need a an argument I can just tell you to go read Milton Friedman and Adam Smith. You are so feeble minded it's ridiculous and yes this is Nazi propaganda... you dress it up as correct when it's filled with lies. "Not worried about inflation" ??!!! Cut me a break, we're monetizing our own debt for crying out loud. A 4th grader could tell you, that's inflation. Good luck with your pea sized moronic ideology.

[HuhOhIc]

@mec554 pretty cool, you have no arguments, so you're calling him a Nazi. The man's grandparents died in fucking Auswitsch, for crying out loud. But that's all what the ReichWing has become, the ridiculous labeling of Hitlers potential and actual victims as Hitlers supporters. I think you really believe Obama subscribes to Nazism. Hitler was in bed with Big Corp, just like you, so the real Nazis are RepuKKKelicans, Teabaggers, FoKKKs and KKKonservatives.