[ARC5] ARC5 Digest, Vol 161, Issue 34

[Brian Clarke]

Hello anonymous,

 

So you claim. And governments may once have believed in its value. But governments are heavily loaded by lawyers, for whom accounting and economics are exceedingly foreign languages.

 

However, the discussion on this site was about supposed after-market surplus selling prices of military equipment bumped up by the CPI as a way of comparing with today’s seen prices. Of course, no-one ever opens the CPI basket to see what’s in it. When I studied economics, military equipment was never in the CPI basket.

I denigrated CPI as an accounting measure, as that’s about all it’s good for, and that’s how it gets used in terms of nominal depreciation and obsolescence pricing.

 

By the way, anonymous, you left a great long tail of totally irrelevant junk. 

 

73 de Brian, VK2GCE.

 

On Thursday, 15 June 2017 10:09 AM, anonymous said:



The CPI is a basket of CONSUMER goods and services, such as transportation, food and medical care.

I doubt it includes WWII radios.

Additionally, it is an economic measure, not an accounting measure 

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