Re: Re: Re: Re: query

[Jim Devine]

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 [EMAIL PROTECTED] &  http://bellarmine.lmu.edu/~jdevine