Yep. Pretending in official series that it’s “stable prices” when basically the same car now costs 66% more thirty years later.
At the same time, even without hedonic adjustment, for the best selling car in the US, the annual rate is 1.7%, not 10%.
I hypothesize that for services (healthcare, education, insurance), it is a very different story ie higher annual inflation closer to 4-5%, which triples the price in 30 years.
Also illustrates the power of compounding, that extra 1% per year makes a massive difference in real life
Rudy, always have enjoyed your wit and viewpoint in twitter/x. You guys talked about it, we're going to inflate so they can keep spending in the short run. I don't like it either. But there is no discipline.
Rudy, again agree with you about 75-80%. First for some perspective, per Jordan Peterson, How much do you need to make to be in the top 1% of the global population? $32,000 per year. I think a large number of Americans are in the top 1%. I am so sick of those who say vote them all out. If you are so convinced of the need for better representation, get off your ass and run your self. Otherwise shut your pie hole (with respect). The day of the aristocratic top 10% having a day job and serving in the state or national legislatures is over!! You want to vote for "anybody else" and you get San Francisco, Portland and Seattle. Read Victor Davis Hanson's "The Dying Citizen" to know it is over! Cycles in civilization, or lack thereof, are caused by the flaws in human nature and over time our worst instincts take over. Hopefully in the long run this promotes a better world, but I have my doubts.
Great discussion with Zach. Keep up the good work.
Yep. Pretending in official series that it’s “stable prices” when basically the same car now costs 66% more thirty years later.
At the same time, even without hedonic adjustment, for the best selling car in the US, the annual rate is 1.7%, not 10%.
I hypothesize that for services (healthcare, education, insurance), it is a very different story ie higher annual inflation closer to 4-5%, which triples the price in 30 years.
Also illustrates the power of compounding, that extra 1% per year makes a massive difference in real life
Pretty, pretty, pretty good. Have you done a podcast with Prof. St. Onge? If not, I think you should. Thx for sharing this one.
Rudy, always have enjoyed your wit and viewpoint in twitter/x. You guys talked about it, we're going to inflate so they can keep spending in the short run. I don't like it either. But there is no discipline.
Rudy, again agree with you about 75-80%. First for some perspective, per Jordan Peterson, How much do you need to make to be in the top 1% of the global population? $32,000 per year. I think a large number of Americans are in the top 1%. I am so sick of those who say vote them all out. If you are so convinced of the need for better representation, get off your ass and run your self. Otherwise shut your pie hole (with respect). The day of the aristocratic top 10% having a day job and serving in the state or national legislatures is over!! You want to vote for "anybody else" and you get San Francisco, Portland and Seattle. Read Victor Davis Hanson's "The Dying Citizen" to know it is over! Cycles in civilization, or lack thereof, are caused by the flaws in human nature and over time our worst instincts take over. Hopefully in the long run this promotes a better world, but I have my doubts.
Best selling cars in the US
1990 honda accord $15k
2020 toyota camry $25k
Transcripts, please! Youtubetranscripts.com helps with them. Any equivalent for podcasts?