UncleBuck
Well-Known Member
imagine that.you love the Big mac index because it supports your ideology
the facts support me and not you.
it's almost as if all you have is theory, talking points, and rhetoric, whereas i am robust with empirical evidence.
that sucks, doesn't it?
a dozen eggs, august 1988: $0.909choose a commodity, any commodity, that has no government subsidy or price cap, and youll see the same 3x to 4x increase in cost between 1988 and 2012.
a dozen eggs, august 2011: $1.711
188%
gallon of milk, august 1995: $2.482 (restricted data set, sorry)
gallon of milk, august 2013: $3.448
139%
bananas, june 1988: $0.501
bananas, june 2012: $0.605
121%
coffee, march 1988: $2.634
coffee, march 2010: $3.565
135%
http://data.bls.gov/cgi-bin/surveymost?ap
yeah, some of them are subsidized, but this is the cost of living increase you are complaining about. unless, of course, you eat an inordinate amount of copper.