Re: Re: Re: Re: query

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

At 07:06 PM 6/29/00 -0400, you wrote:
> Jim Devine wrote:
>
> > I detect irony in the word "wondrous," indicating that you don't approve
> > of the changes. As Dave Richardson pointed out, however, the lower
> > inflation rates that came out of the CPI revision is not all bad. If St.
> > Alan sees a smaller dragon, he's less likely to lance the economy to death.
>
> I care less about what the index does for St Alan's worldview than its
> accuracy.

My key question was: accuracy for what purpose? I agree that for the
purpose of measuring real living standards, the Boskin revisions lead to
gross exaggeration of their rise.

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine