Wise Bread | Personal Finance and Frugal Living Forums

I want to write a post on hedonic adjustment. I don't doubt that it is producing a bogus CPI, but it's really hard to know by how much. I mean, hedonic adjustment is a legitimate concept--a car that lasts for 20 years really is worth more than a car that last for 4 years, and a $3000 computer bought this year is almost immeasurably more valuable than a $3000 computer bought in 1984.

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