CPI is a dumb way to measure inflation. Inflation is a monetary phenomenon - the increase in the supply of money. Price changes are secondary, and depend on other factors as well.
The weighting is rubbish. You cannot buy a car outfitted the same as what you could in 1980. It doesn't exist. They don't get to discount it simply because it has additional features.
this video is way over my head
back to the biology videos for me!
This video became even more relevant 9 years later
i love these videos, they have simply revolutionized my economics lessons! but can i possibly download them?
Watching this at 3:24am est, Nov 20, 2022. The cpi-u bls sheet looks considerably different. Any thoughts or educated reasons why?
better technlogy & different formatting probably. this video is 12 years old so its to be expected
i thought the CPI did not take in to account the quality of goods.
Please, make video about hedonistic coefficients. ))
CPI is a dumb way to measure inflation. Inflation is a monetary phenomenon - the increase in the supply of money. Price changes are secondary, and depend on other factors as well.
IvanAndreevich You didn't take the scarcity of resources in consideration. Inflation is not only a monetary phenomenon
The weighting is rubbish. You cannot buy a car outfitted the same as what you could in 1980. It doesn't exist. They don't get to discount it simply because it has additional features.
Dude Sal is there anything you don't know?
Finally :)
@bevon17 I'm comming with you!
I dont understand...
nnice