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About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service

About Those “Hedonic Adjustments” to Inflation: Ignoring the Systemic Decline in Quality, Utility, Durability and Service The quality, durability, utility and enjoyment-of-use of our products and services has been plummeting for years. One of the more mysterious aspects of the official inflation rate is the hedonic quality adjustments that the Bureau of Labor Statistics makes to the […]

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Estimating the Effect of Hedonic Quality Adjustments on the Consumer Price Index | The Consumer Price Illusion

Estimating the Effect of Hedonic Quality Adjustments on the Consumer Price Index | The Consumer Price Illusion. Having an informed debate over Hedonic Quality Adjustments is difficult due to the lack of comparable consumer price indices. A few exist, however, andtoday we will look at an index compiled by PriceStats, an off-shoot of MIT’s Billion Prices Project, which scrapes the […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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