AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
353. The US Dollar Might Collapse | Peter Schiff
The Jordan B. Peterson Podcast
The Price of Newspapers and Magazines
According to the CPI, over the prior 10 years, the price of newspapers and magazines had gone up about 30%. According to the CPI in 2013, magazines and newspapers were 30% more expensive than they were in 2003. And so what hedonics is, is the statisticians who compute the CPI, they look at a product and they don't use the actual price. They subjectively decide if they think that product got better. Now maybe it didn't get better. A lot of times stuff gets worse. The politicians decide what to put in the basket and what to take out. There's all this substitution.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode