>> This is completely wrong. The CPI-u is, and the CPI-x was, adjusted for >> quality changes (see http://www.bls.gov/cpi/home.htm ). The CPI-X >> doesn't exist anymore. > >So what price statistic wasn't adjusted for quality changes?
They all are. No one (who knew what he was talking about) has ever claimed that they are not adjusted. The common claim is that the adjustments (which are quite complex and differ across different types of goods) are inadequate. - - Bill William T. Dickens The Brookings Institution 1775 Massachusetts Avenue, NW Washington, DC 20036 Phone: (202) 797-6113 FAX: (202) 797-6181 E-MAIL: [EMAIL PROTECTED] AOL IM: wtdickens
