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July 09, 2009


Excellent post and good job of calling out both the left and the WSJ Op Ed pages (or Danniel Henninger). On a similar note: I wonder if real purchasing power average american worker is overstated by hedonic adjustments in CPI; 20 years ago no households needed to pay for broadband or wireless data plans etc.

I use nominal GDP so hedonic adjustments aren't included.

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