Ok, you are not arguing with me. You are arguing something I am not saying.

There's already hedonic adjustments. Those types of factors have been accounted for. It's not in the same ball park as the rampant inflation.

It is not possible to overplay this hand.

cascdr

econ

Economist Reveals: "Inflation is Actually Bad!" (Econ Forces, Josh Hendrickson)

denlillaapan

I think you are missing the point. The point isn't that inflation is good. I agree with you on cost cutting (shrinkflation). 

> If we want to see inflationary forces in a more clear light it might make more sense to compare goods that haven't really changed as much.

And

> Butter, ammo, milk, meat, eggs, oil, and gold. Even with those there are efficiencies that are deflationary but the quality change is less drastic.

I'm not arguing for inflation or fiat here. Just that its complex and over-simplification weakens the argument.

To make your point more strong I would say that in many ways houses built in the 50s used higher quality materials than are used today. Cost cutting due to inflation is a factor. But on the another hand houses built today have features people in the 50s could only dream of. 
