Detailed text transcripts for TV channel - MSNBC - 20131109:14:42:00
The cpi, the consumer price index is fixed by saying what is a bread basket, what is a basket that people buy? how much do you spend on education, health care, et cetera? okay. how much does health care increase in costs, et cetera in the fact what the cpi says if stake gets too expensive, you switch to hamburger. thats, in other words, figuring in a reduction in your standard of living into the calculation, which i think is just wrong. now, instead, what we should lock at is a different measure...
Source: news source