[ARC5] Cost of sets - 1950 and 2010

[J. Forster]

The BLS calculator is a sham. It consistently underestimates inflation
because (a) it's "basket" of goods is hopelessly out of date and (b) the
government uses it to calculate COLAs, so underestimating inflation cheats
those receiving benefits and saves the government money to squander
elsewhere.

FWIW,

-John

================



> According to the Bureau of Labor Statistics inflation calculator, a
> Command Set that brought $8 in 1960 (when I got interested in them )
> would, purely through inflation, bring $59.00 in 2010
>
>  - Gordon White
> ______________________________________________________________
> ARC5 mailing list
> Home: http://mailman.qth.net/mailman/listinfo/arc5
> Help: http://mailman.qth.net/mmfaq.htm
> Post: mailto:ARC5 at mailman.qth.net
>
> This list hosted by: http://www.qsl.net
> Please help support this email list: http://www.qsl.net/donate.html
>
>