[BfloGuy]

Shadowstats inflation of nearly 10% is on the high side, CPI is on the low side, and the truth is somewhere in between

Ah, but that's the trouble with inflation -- it can't be measured. There is no such thing as a price level, everyone buys a different mix of goods at different times.

[Pearls Before Swine]

Ah, but that's the trouble with inflation -- it can't be measured. There is no such thing as a price level, everyone buys a different mix of goods at different times.

Like when Justice Stewart reflected on pornography, saying it was hard to define, but "I know it when I see it." Same with inflation--my basket's up, but it's hard to put a number on it. Not like the 70's yet.