Inflation, say conservative "neoconomists," should take into account improvements in technology which reflect de facto price reductions in consumer goods, as well as improvements in quality of life.
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(C) 2006 Ted Rall, Distributed by Universal Press Syndicate
IPTC: Keywords
Neoconomists; Inflation; Cost of Living; Consumer Price Index; CPI; Labor Statistics; Standard of Living; Technology; DVD; DVD Players; Cellphones; Payphones