Eric is our resident expert on the subject, since Dave R. has been been relatively silent. Are you still here, Dave.
I have some questions: For example, how much have waiting times for medical care increased? Do rising housing costs require people to locate further from work, increasing commutes? Does the CPI take into account the deterioration of public transportation? Yet, they emphasize everthing that represents an increase in quality as reflecting a decreasing (hedonic) cost. Ellen Frank wrote: > But isn't it > equally likely that it understates inflation, because as prices of > necessities rise (like housing and health care) they eat up a > growing fraction of consumer income and play a bigger role > in the cost of living? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
